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The Customer Service Manager for the XYZ Fastener Manufacturing Company [.147.153][ .147 \quad .153 ]

question 55

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The customer service manager for the XYZ Fastener Manufacturing Company examined 60 vouchers and found 9 vouchers containing errors.Find a 98 percent confidence interval for the proportion of vouchers with errors.

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Definitions:

Equity

Fairness or justice in the way people are treated within the economy, often relating to the distribution of wealth.

Efficiency

The ability to maximize output with a given set of inputs, or to minimize inputs used for producing a given output.

Personal Income Taxes

Taxes levied on the income of individuals, affecting personal earnings.

Dividends Shareholders

Profits distributed to shareholders of a corporation, typically in the form of cash payments or additional shares of stock.

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