Proportion of a bank commercial loan, Basic Statistics

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Proportion of a bank commercial loan

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

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Basic Statistics: Proportion of a bank commercial loan

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Basic Statistics: Proportion of a bank commercial loan

Reference No:- TGS0859020

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Circumvent the formal processing of first-time

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Q : Determine the probability of getting exactly

Q : Example of a poisson probability experiment

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Proportion of a bank commercial loan

Reference No:- TGS0859020

Recent Questions Asked Basic Statistics

Q : Circumvent the formal processing of first-time

Q : Determine area of region which is inside s but outside r

Q : Determine the probability of getting exactly

Q : Example of a poisson probability experiment

Q : Proportion of a bank commercial loan

Q : Determine the true mean annual income of its alumni

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Q : Determine the probability

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