SOLUTION: Consider that your company just received a box of 500 widgets from a new supplier. You would like to know about how many of the widgets are defective. What would be your strategy t

Algebra ->  Probability-and-statistics -> SOLUTION: Consider that your company just received a box of 500 widgets from a new supplier. You would like to know about how many of the widgets are defective. What would be your strategy t      Log On


   



Question 510501: Consider that your company just received a box of 500 widgets from a new supplier. You would like to know about how many of the widgets are defective. What would be your strategy to create a confidence interval for the proportion of defective widgets in the box? Include sampling strategy, number in sample, and statistical analysis.


Answer by kelvin27(1) About Me  (Show Source):
You can put this solution on YOUR website!
Consider that your company just received box of 500 widgets from anew supplier. You would like to know how many of the widgets are defective.What would your strategy to create a confidence intervals for the proportion of defective widgets in the box? Include a sample strategy, number in sample, and statistical analysis.