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Question 162408: An internal control policy for an online fashion accessories store requires a quality assurance check before a shipment is made. The tolerable exception rate for this internal control is 0.05. During a n audit, 500 shipping records were sampled from a population of 5,000 shipping records and 12 were found that violated the control. What is the upper bound for a 95% one-sided confidence interval estimate for the rate of noncompliance?
Could you please help me?? Thanks Rivers
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Question 162405: Hi I really do need your help on this one. Thanks Rivers
Assume that house prices in a neighborhood are normally distributed with standard deviation $20,000. A random sample of 16 observations is taken. What is the probability that the sample mean differs from the population mean by more than $5,000?
a. 0.3174
b. 0.1587
c. 0, because it is assumed that the sample mean is equal to the population mean in a normally distributed population.
d.Cannot be determined from the information given.
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Question 162401: Hey I would highly appreciate it if you could help me out. Thanks Rivers
If you were constructing a 99% confidence interval of the population mean based on a sample of n = 25 where the standard deviation of the sample s = 0.05, the critical value of t will be:
Click here to see answer by stanbon(26297)  |
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