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April 16, 2014

Homework Help: Probability and Statistics 2

Posted by Kim on Sunday, April 29, 2012 at 7:59pm.

Bad Wheels Tire Company is interested in estimating the proportion of defective tires that it produces. The company tested a sample of 500 tires and found 16 to be defective. Find a 99% upper bound confidence interval for the true proportion of defective tires produced by the firm.

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