Writing a statement about the confidence level, Basic Statistics

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Writing a statement about the confidence level

An auditor wants to estimate what proportion of a bank's commercial loan files are incomplete. The auditor randomly samples 100 files and finds 9 are incomplete. Using a 95% confidence interval, estimate the true proportion of incomplete files for ALL the bank's commercial loans. Write a statement about the confidence level and the interval you find.

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Basic Statistics: Writing a statement about the confidence level

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Basic Statistics: Writing a statement about the confidence level

Reference No:- TGS0119370

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Trade unions that resulted from globalization

Q : What is the variance on this questionnaire

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Writing a statement about the confidence level

Reference No:- TGS0119370

Recent Questions Asked Basic Statistics

Q : Trade unions that resulted from globalization

Q : What is the variance on this questionnaire

Q : Number of ferromagnetic artifacts

Q : Agent for breach of implied warranty of authority

Q : Writing a statement about the confidence level

Q : Top levels of management

Q : Lowest levels of the organization

Q : Confidence interval for the population mean based problem

Q : Different types of thinking and comment

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