SOLUTION: A shoe manufacturing company is producing 50,000 pairs of shoes daily. From a sample of 500 pairs 2% are found to be of substandard quality. At 95% level of confidence, estimate th
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Question 1205287: A shoe manufacturing company is producing 50,000 pairs of shoes daily. From a sample of 500 pairs 2% are found to be of substandard quality. At 95% level of confidence, estimate the number of pairs of shoes that are reasonably expected to be spoiled in the daily production. Answer by ikleyn(52933) (Show Source):
