Find the standard error associated with estimated percentage

Reference no: EM131805550

Question: Based on careful examination of a sample of size 868 taken from 11,013 inventory items in a warehouse, you learn that 3.6% are not ready to be shipped.

a. Find the standard error associated with this estimated percentage and indicate its meaning.

b. Would you be surprised to learn that in fact 4% of the 11,013 inventory items are not ready to be shipped? Why or why not?

c. Would you be surprised to learn that in fact 10% of the 11,013 inventory items are not ready to be shipped? Why or why not?

Reference no: EM131805550

Questions Cloud

Prepare the necessary adjusting journal entries required : The following details are taken from the accounting. Prepare the necessary adjusting journal entries required by items (a) to (l) (narrations are not required).

How many reams should be ordered at a time : Suppose the information technology department of the university only has space to hold 35 reams of paper at any time. How many reams should be ordered at a time

Estimate the percentage of the population : In a study of brand recognition, out of 763 people chosen at random, 152 were unable to identify your product.

Prepare the required journal entries for sandhill co : Prepare the required journal entries for Sandhill co, Sandhill co. uses the net method to account for cash discounts

Find the standard error associated with estimated percentage : Based on careful examination of a sample of size 868 taken from 11,013 inventory items in a warehouse, you learn that 3.6% are not ready to be shipped.

List the project quality tools you expect to use : List the project quality tools you expect to use on your project. Tell where you plan to use each tool and why it is important.

Determine how many order pickers she should hire : Design a simulation to help Jane determine how many order pickers she should hire so that demand is satisfied 97.5% of the time

Innocent drinks stays in touch : In the summer of 1998, three Cambridge University graduates spent about £500 on fruit, used it to make smoothie drinks, and sold them from a stall

Address quality in one area of the overall project plan : In your own experience, have you seen companies integrate quality within their project planning processes?

User Account

All Pages