Mathematics, 25.12.2020 21:10 angeline2004
Wal-Mart conducted a study to check the accuracy of checkout scanners at its stores. At each of the 60 randomly selected Wal-Mart stores, 100 random items were scanned. The researchers found that 52 of the 60 stores had more than 2 items that were priced inaccurately (the national standards allow a maximum of 2 items out of 100 items priced accurately by the scanners). a) Construct a 95% confidence interval for proportion of Wal-Mart stores that have more than 2 items priced inaccurately per 100 items scanned and give a practical interpretation of this interval. (3 Points) b) Wal-Mart claims that 99% of its stores comply with the national standard on accuracy of price scanners. Comment on the believability of Wal-Mart’s claim based on your results in part (a). (1 Point) c) Determine the number of Wal-Mart stores that must be sampled in order to estimate the true proportion to within 0.05 with 90% confidence. (3 Points)
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Wal-Mart conducted a study to check the accuracy of checkout scanners at its stores. At each of the...
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