Assignment:
The Pacific Northwest has a substantial volume of cedar forests and cedar product manufacturing companies. Welco Lumber manufactures cedar fencing material in Marysville, Washington. The company’s quality manager inspected 5,900 boards and found that 4,100 could be rated as a #1 grade.
a. If the manager wanted to assess the probability that a board being produced will be a #1 grade, what method of assessment would he likely use?
b. Referring to your answer in part a, what would you assess the probability of a #1 grade board to be?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.