document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=162408>Question 162408</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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?\r<BR>\n" );
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document.write( "Could you please help me?? Thanks Rivers </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #119699 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=119699\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 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 an 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? <BR>\n" );
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document.write( "The sample proportion: p'= 12/500 = 0.024<BR>\n" );
document.write( "The standard error: E = 1.645*sqrt[0.024*0.076/500] = 0.011...<BR>\n" );
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document.write( "Upper bound of the 95% confidence interval: p'+E = 0.024+0.011 = 0.035<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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