In sample 400 parts manufactured by a factory, the number of defective parts was found to be 30. The company, however, claimed that almost 5% of their product is defective. Is the claim tenable?
In sample 400 parts manufactured by a factory, the number of defective parts was found to be 30. The company, however, claimed that almost 5% of their product is defective. Is the claim tenable?
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.16P
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Transcribed Image Text:In sample 400 parts
manufactured by a
factory, the number of
defective parts was
found to be 30. The
company, however,
claimed that almost 5%
of their product is
defective. Is the claim
tenable?
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