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Suppose that in the random sample the defective rate is 5

The assembly line that produces satellite radios has historically resulted in a 3% defective rate. A random sample of 1000 radios is drawn. What is the probability that the defective rate is greater than 5%? Suppose that in the random sample the defective rate is 5%. What does that suggest about the defective rate on the assembly line?

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Finance Basics: Suppose that in the random sample the defective rate is 5

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