Based on careful examination of a sample of size 868 taken from 11,013 inventory items in a warehouse, you learn that 3.6% are not ready to be shipped.
a. Find the standard error associated with this estimated percentage and indicate its meaning.
b. Would you be surprised to learn that in fact 4% of the 11,013 inventory items are not ready to be shipped? Why or why not?
c. Would you be surprised to learn that in fact 10% of the 11,013 inventory items are not ready to be shipped? Why or why not?