FOR THIS QUESTION WOULD YOU USE THE FINITE POPULATION CORRECTION FACTOR??
tutor4helpyou (Not rated)
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FOR THIS QUESTION WOULD YOU USE THE FINITE POPULATION CORRECTION FACTOR??
An internal control policy for an online retailer requires a quality assurance check before a shipment is made. The tolerable exception rate for this internal control is 0.05. During an audit 500 shipping records were sampled from a population of 6,000 shipping records, and 23 were found that violated the internal control. Complete parts(a) and(b).
a. Calculate the upper bound for a 95% one-sided confidence interval estimate for the rate of noncompliance.
11 years ago
FOR THIS QUESTION WOULD YOU USE THE FINITE POPULATION CORRECTION FACTOR??
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