Question

A company’s CEO wanted to estimate the percentage of defective product per shipment. In a sample containing 500 products, he found 30 defective products.


(a) Find a 98% confidence interval for the true proportion of defective product. Show your calculations and/or explain the process used to obtain the interval.
(b) Interpret this confidence interval and write a sentence that explains it.

Related Questions

a companys ceo wanted to estimate the percentage of defective product per shipment. in a sample cont... the solve of the shipment of 10 items has 2 items defective and 8 items are non defective.IN THE in... To check on shipment of 500 articles a sampling of 50 articles was carefully inspected of the sample... If a shipment has at least 6% defective batteries, it will be replaced. If a sample of 75 batter...