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Mathematics, 15.04.2020 23:18 ayoismeisalex
A company receives shipments of a component used in the manufacture of a component for a high-end acoustic speaker system. When the components arrive, the company selects a random sample from the shipment and subjects the selected components to a rigorous set of tests to determine if the components in the shipments conform to their specifications. From a recent large shipment, a random sample of 250 of the components was tested, and 24 units failed one or more of the tests. a. At the 98% level of confidence, what is the margin of error in the point estimate of the proportion of components in the shipment that fail to meet the company's specifications
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A company receives shipments of a component used in the manufacture of a component for a high-end ac...
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