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Consider an internal control policy for an online bicycle shop, 99 bikes.com.au. This policy requires a quality assurance check before a shipment is made. The
Consider an internal control policy for an online bicycle shop, 99 bikes.com.au. This policy requires a quality assurance check before a shipment is made. The tolerable exception rate for this internal control is 0.05. During an audit500 shipping records are sampled form a population of 5000 shipping records and 12 that violate the internal control are found. Calculate the upper bound for a 95% confidence interval for the rate of non-compliance.
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