Based on careful examination of a sample of size 868 taken, Basic Statistics

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Based on careful examination of a sample of size 868 taken

Question: 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?

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Basic Statistics: Based on careful examination of a sample of size 868 taken

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Basic Statistics: Based on careful examination of a sample of size 868 taken

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