Estimate the true proportion of incomplete files, Basic Statistics

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Estimate the true proportion of incomplete files

An auditor wants to determine what proportion of bank's commercial loan files are incomplete. The auditor randomly samples 60 files and finds 12 are incomplete. Using 95% confidence interval, estimate the true proportion of incomplete files for ALL the bank's commercial loans. Write a statement about the confidence level and the interval you find.

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Basic Statistics: Estimate the true proportion of incomplete files

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Basic Statistics: Estimate the true proportion of incomplete files

Reference No:- TGS0860800

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Estimate the true proportion of incomplete files

Reference No:- TGS0860800

Recent Questions Asked Basic Statistics

Q : Determine the rate of driving on side roads

Q : What maximum height baseball reaches

Q : Find out the type of experiment

Q : With how much force monster truck pull to remain unmoved

Q : Estimate the true proportion of incomplete files

Q : Determine the true mean annual income

Q : Suppose a normal distribution

Q : Sample data appear to come from normally distributed

Q : Who spent most money and by how much

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