I wish to estimate the proportion of defectives in a large production lot with plus or minus D = 0.02 of the true proportion, with a 95% level of confidence. From past experience it is believed that the true proportion of defectives is π = 0.02. How large a sample must be used? (Hint: Use a normal approximation for the sample proportion P

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5. I wish to estimate the proportion of defectives in a large production lot with plus or
minus D = 0.02 of the true proportion, with a 95% level of confidence. From past
experience it is believed that the true proportion of defectives is π = 0.02. How large a
sample must be used? (Hint: Use a normal approximation for the sample proportion P
).
Transcribed Image Text:5. I wish to estimate the proportion of defectives in a large production lot with plus or minus D = 0.02 of the true proportion, with a 95% level of confidence. From past experience it is believed that the true proportion of defectives is π = 0.02. How large a sample must be used? (Hint: Use a normal approximation for the sample proportion P ).
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