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The result of the analysis of the true defect rate of a storage bin with 95% confidence level, mean of 0.0298, standard deviation of 0.1701
The result of the analysis of the true defect rate of a storage bin with 95% confidence level, mean of 0.0298, standard deviation of 0.1701 and sample size of 5000 gave a lower bound limit of 0.0251 and upper bound limit of 0.0345. Based on this analysis, what can be concluded about the true inventory defect rate of storage in this bin.
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