Estimate the true proportion of incomplete files, Basic Statistics

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Estimate the true proportion of incomplete files

An auditor wants to estimate what proportion of a bankÂ's commercial loan files are incomplete. The auditor randomly samples 60 files and finds 12 are incomplete. Using a 95% confidence interval, estimate the true proportion of incomplete files for ALL the bankÂ's commercial loans. Write a statement about the confidence level and the interval you find.

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Basic Statistics: Estimate the true proportion of incomplete files

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Basic Statistics: Estimate the true proportion of incomplete files

Reference No:- TGS0105284

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Estimate the true proportion of incomplete files

Reference No:- TGS0105284

Recent Questions Asked Basic Statistics

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