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Estimate true proportion of incomplete files for banks loans

An auditor wants to estimate what proportion of a banks commercial loan files are complete. The auditor randomly samples 60 files and finds 12 are incomplete. Using a 95% confidence interval, estimate the true proportion of incomplete files for ALL the banks commercial loans.

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Basic Statistics: Estimate true proportion of incomplete files for banks loans

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Estimate true proportion of incomplete files for banks loans

Reference No:- TGS0681881

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Find probability that more typographical errors are found

Q : Determining the distribution of contents

Q : How many would have iqs between given range

Q : Standard deviation of the total thickness

Q : Estimate true proportion of incomplete files for banks loans

Q : What is the approximate one-sided p-value for problem

Q : Point estimate for the proportion of people

Q : What is the numerical value of the in-control arl

Q : Compute the mean score for the sample

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Estimate true proportion of incomplete files for banks loans

Reference No:- TGS0681881

Recent Questions Asked Basic Statistics

Q : Find probability that more typographical errors are found

Q : Determining the distribution of contents

Q : How many would have iqs between given range

Q : Standard deviation of the total thickness

Q : Estimate true proportion of incomplete files for banks loans

Q : What is the approximate one-sided p-value for problem

Q : Point estimate for the proportion of people

Q : What is the numerical value of the in-control arl

Q : Compute the mean score for the sample

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