Suppose that the warranty cost of defective widgets is such that their proportion should not exceed 5% for the production to be profitable. Being very cautious, you set a goal of having 0.05 as the upper limit of a 90% confidence interval, when repeating the previous experiment. What should the maximum number of defective widgets be, out of 1024, for this goal to be reached.
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Home » Mathematics » Suppose that the warranty cost of defective widgets is such that their proportion should not exceed 5% for the production to be profitable. Being very cautious, you set a goal of having 0.