Author Question: The procurement manager for a large company wishes to estimate the proportion of parts from a ... (Read 54 times)

bio_gurl · **on:** Jun 24, 2018

The procurement manager for a large company wishes to estimate the proportion of parts from a supplier that are defective. She has selected a random sample of n = 200 incoming parts and has found 11 to be defective.

Based on a 95 percent confidence level, the upper and lower limits for the confidence interval estimate are approximately 0.0234 to 0.0866. Indicate whether the statement is true or false

Question 2

What is the terminal value when the market potential is large?

A) 1,955
B) 3,455
C) (445)
D) (250)