A Sample of 100 Fuses from a Very Large Shipment

question 13

Multiple Choice

A sample of 100 fuses from a very large shipment is found to have 10 that are defective.Based on this information,which of the following will you construct to learn about the proportion of fuses that are defective?

• A)Confidence interval estimate for the total using the Student's t distribution.
• B)Confidence interval estimate for the mean using the Student's t distribution.
• C)Confidence interval estimate for the proportion using the standard normal distribution.
• D)Confidence interval estimate for the difference between two means using the standard normal distribution.

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Definitions:

Cash Dividend

It's a payment made by a company out of its profits to shareholders, distributed in cash, based on the number of shares held.

Expense

An outflow of resources or incurrence of liabilities that result from a company's operations, aimed at generating revenue.

Prior Period Adjustment

A correction of errors in financial statements that were made in previous periods, affecting retained earnings on the balance sheet.

Financial Statements

Official records that detail the financial activities and condition of a business, including income statement, balance sheet, and cash flow statement.