Suppose you are a purchasing officer for a large company. You have purchased 5 million electrical switches,

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Suppose you are a purchasing officer for a large company. You have purchased 5 million electrical switches, and your supplier has guaranteed that the shipment will contain no more than .1% defectives. To check the shipment, you randomly sample 500 switches, test them, and find that four are defective. Based on this evidence, do you think the supplier has complied with the guarantee? Explain.
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Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

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