(Answered) A manufacturer of interocular lenses is qualifying a new

Finance

A manufacturer of interocular lenses is qualifying a new grinding machine and will qualify the machine if the percentage of polished lenses that contain surface defects does not exceed 2%. A random sample of 250 lenses contains six defective lenses.

a) Formulate and test an appropriate set of hypotheses to determine if the machine can be qualified. Use a = 0.05.

b) Find the P-value for the test in part (a).

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