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In a Simple Random Sample of Size 100 , There p^\hat { p }

question 151

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In a simple random sample of size 100 , there were 25 individuals in the category of interest. Compute the sample proportion p^\hat { p } .


Definitions:

Direct Materials

Basic substances used in the direct creation of particular products or services.

Lubricants

Substances introduced between surfaces to reduce friction and wear, often essential for the smooth operation of machinery.

Direct Cost

Expenditures that can be directly associated with manufacturing certain goods or services, like labor and raw materials.

Manufacturing Equipment

Tools and machinery used in the process of producing goods from raw materials.

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