13 of14 Nete A compary produces 1,000 blue crayons overy day. A sample of 50 crayons are unalyzed, anu 3 of thern are found to not meet tre standards of the company, so thcy are laboled defectivo. A simulation is run in which 50 crayons ara choson out of 1,000 so trat aach crayen chosen hes a 6% chance cf boing defective. The simulation is run 500 times, and the moan proportion of defoctvo crayons is 0. 059 vth a stondard dovation of 0.012. Bused on a popuation proportion estimute and murgin of error, is 0.07 a plausible vale for the popuation proportion of uayors that are detoctive? Explun your ruasoning. What is a good margin of error based on this simulstion? Submit
13 of14 Nete A compary produces 1,000 blue crayons overy day. A sample of 50 crayons are unalyzed, anu 3 of thern are found to not meet tre standards of the company, so thcy are laboled defectivo. A simulation is run in which 50 crayons ara choson out of 1,000 so trat aach crayen chosen hes a 6% chance cf boing defective. The simulation is run 500 times, and the moan proportion of defoctvo crayons is 0. 059 vth a stondard dovation of 0.012. Bused on a popuation proportion estimute and murgin of error, is 0.07 a plausible vale for the popuation proportion of uayors that are detoctive? Explun your ruasoning. What is a good margin of error based on this simulstion? Submit
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.Recommended textbooks for you
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON