Suppose that n trials of a binomial experiment result in no, Ask an Expert

Statistics

Suppose that n trials of a binomial experiment result in no successes. According to the' Rule of Three*, we have 95% confidence that (he true population proportion has an upper bound of 3/n. If a manufacturer randomly selects 16 computers for quality control and finds no detective computers, what statement can you made by using the rule of three, about the proportion p, of all its computers which are defective?

A) We are 95% confident that p does not exceed 3/16.

B) The value of p cannot be greater than 3/16.

C) We are 95% confident that p lies between 1/16 and -3/16

D) We are 95% confident that p Is greater man 3/16

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9166251

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Consider random samples of size 800nbspnbspfrom a

Consider random samples of size 800 from a population with proportion 0.60. (a) Find the mean and standard error of the distribution of sample proportions. Round your answer for the mean to two decimal places, and your ...

A process is normally distributed with a mean of 104

A process is normally distributed with a mean of 104 rotations per minute and a standard deviation of 8.2 rotations per minute. If a randomly selected minute has 118 rotations per minute, would the process be considered ...

A random sample of 34 taxpayers claimed an average of 9623

A random sample of 34 taxpayers claimed an average of ?$9,623 in medical expenses for the year. Assume the population standard deviation for these deductions was ?$2,441. Construct confidence intervals to estimate the av ...

Translate the statement into a confidence interval for p

Translate the statement into a confidence interval for p. Approximate the level of confidence. In a survey of 1000 U.S. adults, 19% are concerned that their taxes will be audited by the Internal Revenue Service. The surv ...

The easy clean company just paid a dividend of 150 d0150

The Easy Clean Company just paid a dividend of $1.50 (D0=$1.50). The dividend is expected to grow at a constant rate of 8%. The required rate of return is 11.50%. What is the expected price of Easy Clean stock in Year 5 ...

If we are interested in job satisfactionname a variable

If we are interested in job satisfaction. Name a variable that correlates with job satisfaction but we do not have causation. Name a variable that you believe may have a casual relationship with job satisfaction. Name a ...

Why does a high standard deviation of a stocks rate of

Why does a high standard deviation of a stock's rate of return mean that that stock is risky? Explain. (Hint: Intuitively explain how we calculate standard deviation and what does it mean)

What is the future value of a 1000 annuity payment over 4

What is the future value of a $1,000 annuity payment over 4 years if the interest rates are 8 percent?

Jen and barry perform a survey of consumers about home meal

Jen and Barry perform a survey of consumers about home meal salad preferences ("fresh" or "fast"). 395 consumers said they prefer to make fresh salad. 426 said they prefer to make salad fast (out of a bag). 331 said they ...

Consider a machine with exponential reliability model

Consider a machine with exponential reliability model. Assume that the breakdown rate is 1 and the repair rate is 2. Calculate the probability that the machine is up for more than 10 units of time. Calculate the probabil ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert