An engineering management intern was tasked with estimating the proportion of late shipments leaving a manufacturing plant in Barnsdall, OK. The intern randomly sampled 121 of the shipments that left the plant in the last three months and found that 98 of them departed on time. Provide only the LOWER BOUND of the 99% confidence interval for the true proportion of late shipments?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
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An engineering management intern was tasked with estimating the proportion of late shipments leaving a manufacturing plant in Barnsdall, OK. The
intern randomly sampled 121 of the shipments that left the plant in the last three months and found that 98 of them departed on time. Provide only
the LOWER BOUND of the 99% confidence interval for the true proportion of late shipments?
Transcribed Image Text:An engineering management intern was tasked with estimating the proportion of late shipments leaving a manufacturing plant in Barnsdall, OK. The intern randomly sampled 121 of the shipments that left the plant in the last three months and found that 98 of them departed on time. Provide only the LOWER BOUND of the 99% confidence interval for the true proportion of late shipments?
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