Confidence interval for the population proportion

Reference no: EM1315751

Suppose that n trials of a binomial experiment result in no successes. According to the' Rule of Three*, we have 95% confidence that (he true population proportion has an upper bound of 3/n. If a manufacturer randomly selects 16 computers for quality control and finds no detective computers, what statement can you made by using the rule of three, about the proportion p, of all its computers which are defective?

A) We are 95% confident that p does not exceed 3/16.

B) The value of p cannot be greater than 3/16.

C) We are 95% confident that p lies between 1/16 and -3/16

D) We are 95% confident that p Is greater man 3/16

Reference no: EM1315751

Questions Cloud

Marginal external costs and market efficiency : How many cases of peaches will be produced per week during the growing season, and what will the selling price per case be if producers ignore the marginal external costs imposed on others?

Finding numerical probability that event will happen : What kind of probability uses sample spaces to find out numerical probability that event will happen?

Profit maximization under monopoly : What price will the monopolist charge and how much output will he produce? Sketch a diagram of this market and show the equilibrium price and quantity. In addition, calculate the firm's profits.

Determining mean of distribution of data : Determine mean of distribution shown. Give the mean of following probability distribution?

Confidence interval for the population proportion : What statement can you made by using the rule of three, about the proportion p, of all its computers which are defective?

Mr curves for european and american markets : In the text we mentioned how Levi Strauss price discriminates between the European and American markets. This question is designed to help you analyze this situation.

Calculated z test statistic and null hypothesis rejection : The calculated Z test statistic is a positive value that leads to a p-value of .045 for the test. If the significance level (α) is .01, the null hypothesis would be rejected.

Explaining binomial model : Researcher asked group of 30 students - 12 of them supported change, 13 of them didn't, and 5 had no opinion. This is not binomial model as?

Multiple choice questions of economics : Which of the following is the result of competing through advertising for a monopolistically competitive firm? Which of the following is true about advertising?

User Account

All Pages