Find confidence interval estimate of true proportion
A survey of 85 families showed that 36 owned at least one DVD player. Find the 99% confidence interval estimate of the true proportion of families who own at least on DVD player.
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All sales are made on account at $20 per unit. Sixty percent of the sales are collected in the month of sale; the remaining 40% are collected in the following month. Forecasted sales for the first five months of 20X2.
The manufacturing overhead budget of Lewison Corporation is based on budgeted direct labor-hours. The June direct labor budget indicates that 5,800 direct labor-hours will be required in that month.
When the level of confidence and sample size remain the same, a confidence interval for a population proportion p will be __________ when p(1-p) is larger than when p(1-p) is smaller.
A fire destroys the company's supply warehouse. The warehouse originally cost $300,000. and has an adjusted of $200,000. Its fair market value before the fire was $250,000. The insurance company pays Harlow $230,000. which it uses to acquire a war
Wren Company had credit sales of $250,000 and cost of goods sold of $150,000 for the period. (a)Wren uses the percentage of credit sales method and estimates that 1 percent of credit sales would result in uncollectible accounts.
In an opinion poll it is assumed that an unknown proportion p of the people are in favor of a proposed new law and a proportion 1 - p are against it. A sample of n people is taken to obtain their opinion.
If the box weights have a population mean and standard deviation of 90 lbs. and 24 lbs. respectively, then based on a sample size of 36 boxes, the probability that the average weight of the boxes will be less than 94 lbs.
What is a balanced transportation problem? Describe the approach you would use to solve an unbalanced problem.
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