The company wants to be 95 sure that a rejected batch is, Finance Basics

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The company wants to be 95 sure that a rejected batch is

Eriksonn Catering says that its suppliers should send at most 2% of units that do not meet its ‘outstanding' standard of quality. It receives a large shipment and takes a sample of 100 units. The company wants to be 95% sure that a rejected batch is really unsatisfactory. What criteria should it use to reject a batch?

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Finance Basics: The company wants to be 95 sure that a rejected batch is

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Finance Basics: The company wants to be 95 sure that a rejected batch is

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