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A firm keeps track of the proportion of defective parts produced daily. What sample size would...

A firm keeps track of the proportion of defective parts produced daily. What sample size would they need to take if they desire the margin of error to be no more than .03 with 95% confidence? Assume that .1 can be used as a planning value for the proportion of defectives. a. 865 b. 385 c. 100 d. 12

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Answer #1

Correct answer is b) 385

Formula to calculate the sample size is

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