The mishandling of a shipping container loaded with 750 cases of wine caused some of the bottles to break. An insurance adjuster proposed to settle the claim at 20.8% of the value of the shipment, based on a random 250 bottle sample in which 14 were cracked or broken. Calculate the size of a random sampling needed for a relative standard deviation of 8%.

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...
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The mishandling of a shipping container loaded with 750 cases of wine caused some of the bottles to break. An insurance adjuster proposed to settle the claim at 20.8% of the value of the shipment, based on a random 250 bottle sample in which 14 were cracked or broken. Calculate the size of a random sampling needed for a relative standard deviation of 8%.

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