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A manufacturer of MP3 players conducts a set of comprehensive tests on the electrical functions of its product. All MP3 playe
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Answer #1

Confidence interval for Population Proportion is given as below:

Confidence Interval = P ± Z* sqrt(P*(1 – P)/n)

Where, P is the sample proportion, Z is critical value, and n is sample size.

We are given

n = 1000

x = 1000 – 40 = 960

P = x/n = 960/1000 = 0.96

Confidence level = 95%

Critical Z value = 1.96

(by using z-table)

Confidence Interval = P ± Z* sqrt(P*(1 – P)/n)

Confidence Interval = 0.96 ± 1.96* sqrt(0.96*(1 – 0.96)/1000)

Confidence Interval = 0.96 ± 1.96* 0.0062

Confidence Interval = 0.96 ± 0.0121

Lower limit = 0.96 - 0.0121= 0.948

Upper limit = 0.96 + 0.0121= 0.972

0.948 < p < 0.972

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