8-26. Based upon past experience, it is known that a certain manufacturing process has a defect rate
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8-26. Based upon past experience, it is known that a certain manufacturing process has a defect rate of 3%. Arandom sample of size n = 450 is taken from a large production run and the CEO wants to determine the probability that the sample proportion of defectives will not exceed 1%. If you are the production manager, what is your response to the CEO?
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Related Book For 
Advanced Statistics From An Elementary Point Of View
ISBN: 9780120884940
1st Edition
Authors: Michael J Panik
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