The mishandling of a shipping container loaded with 850 cases of wine caused some of the bottles
Question:
The mishandling of a shipping container loaded with 850 cases of wine caused some of the bottles to break. An insurance adjuster proposed to settle the claim at 20.8% of the value of the shipment, based on a random 250-bottle sample in which 52 were cracked or broken. Calculate
(a) The relative standard deviation of the adjuster’s evaluation.
(b) The absolute standard deviation for the 850 cases (12 bottles per case).
(c) The 90% confidence interval for the total number of bottles.
(d) The size of a random sampling needed for a relative standard deviation of 5.0%, assuming a breakage rate of about 21%.
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The shipment contained 750 cases of wine in total Out of sample 250 bottles the number of cracked bo...View the full answer
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Related Book For 
Fundamentals Of Analytical Chemistry
ISBN: 9780357450390
10th Edition
Authors: Douglas A. Skoog, Donald M. West, F. James Holler, Stanley R. Crouch
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