Estimate the true proportion of incomplete files

Reference no: EM13136588

An auditor wants to estimate what proportion of a bank's commerical loan file are incomplete. The auditor randomly samples 60 files and finds 12 are incomplete. Using a 95% confidence interval, estimate the true proportion of the incomplete files for All the bank's commericial loans. Write a statement about the confidence level and the interval you find.

Reference no: EM13136588

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