SOLUTION: A manufacturer of children toys claims that less than 3% of his products are defective. When 500 toys were drawn from a large production run, 5% were found defective.
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-> SOLUTION: A manufacturer of children toys claims that less than 3% of his products are defective. When 500 toys were drawn from a large production run, 5% were found defective.
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Question 1179242: A manufacturer of children toys claims that less than 3% of his products are defective. When 500 toys were drawn from a large production run, 5% were found defective.
Based on the above, identify the following: population of interest, Sample, Parameter and Statistics Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! The population of interest is the children's toys.
The sample is 500 toys chosen.
The parameter of interest is the true value of defective children's toys.
The statistic is that 5% of the toys in the sample were found defective.
