Posted by **me,me** on Saturday, August 20, 2011 at 12:05pm.

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.

## Answer this Question

## Related Questions

- statistics - a companys ceo wanted to estimate the percentage of defective ...
- Probability and Statistics 2 - Bad Wheels Tire Company is interested in ...
- math - the probability of a computer memory chip being defective is 0.02. which ...
- Math 105 - To estimate the proportion p of defective light bulbs produced in a ...
- mba business reserach methods - Sampling A manufacturing company's quality ...
- stats - Suppose a shipment of 500 machine parts contains 62 defective and 438 ...
- EEE - the solve of the shipment of 10 items has 2 items defective and 8 items ...
- Statistics - A Manufacturer of torque converters claim only 1% of them are ...
- maths-statistic - A manufacturer wants to assess the proportion of defective ...
- MATH PROBABILITY - The probability of a machine producing a defective product is...

More Related Questions