An internal control policy for an online fashion accessories store requires a quality assurance check befor?
austin asked:
An internal control policy for an online fashion accessories store 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 5,000 shipping records and 12 were found that violated the control. What is the upper bound for a 95% one-sided confidence interval estimate for the rate of noncompliance?
Darin
An internal control policy for an online fashion accessories store 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 5,000 shipping records and 12 were found that violated the control. What is the upper bound for a 95% one-sided confidence interval estimate for the rate of noncompliance?
Darin
This is at least the fourth time you’ve posted this question. I believe that this is a violation of the Yahoo guidelines. I’ll be happy to help you as soon as you show what you’ve done so far, so I know where you’re stuck. I’m not going to do the entire problem for you, since that would be cheating.
Comment by norcekri — June 25, 2009 @ 9:23 pm