Your job is to monitor the quality control process at a plan…
Your job is to monitor the quality control process at a plant that produces slabs of plastic used in the retail markets. You randomly sample 160 slabs from the production line. There are 30 slabs with defects. Round to 3 decimal places as needed. a) What is the point estimate of the parameter? [a] b) What is the standard error? [b]
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