Schadek Silkscreen Printing Inc. purchases plastic cups and imprints them with logos for sporting events, proms, birthdays,

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Schadek Silkscreen Printing Inc. purchases plastic cups and imprints them with logos for sporting events, proms, birthdays, and other special occasions. Vardon Schadek, the owner, received a large shipment this morning. To ensure the quality of the shipment, Vardon inspected a random sample of 300 cups and found 15 to be defective.

a. What is the estimated proportion defective in the population?

b. Develop a 95% confidence interval for the proportion defective.

c. Vardon has an agreement with his supplier that if 10% or more of the cups are defective, he can return the order. Should he return this lot? Explain your decision.

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Related Book For  answer-question

Statistical Techniques In Business And Economics

ISBN: 9781265779696

19th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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