(Answered) A company receives shipments of a component used in the

Statistics

A company receives shipments of a component used in the manufacture of a component for a high-end acoustic speaker system. When the components arrive, the company selects a random sample from the shipment and subjects the selected components to a rigorous set of tests to determine if the components in the shipments conform to their specifications. From a recent large shipment, a random sample of 250 of the components was tested, and 24 units failed one or more of the tests. What is the 95% confidence interval estimate for the true proportion of components, p, that fail to meet the specifications?

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