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)

a

The 95% confidence interval is

Generally the interval above can interpreted as

    There is 95% confidence that the true proportion of Wal-Mart stores that have more than 2 items priced inaccurately per 100 items scanned lie within the interval  

b

  Generally  99% is outside the interval obtained in a  above then the claim of Wal-mart is not believable  

c

Step-by-step explanation:

From the question we are told that

    The sample size is  n =  60  

    The number of stores that had more than 2 items price incorrectly is  k =  52  

Generally the sample proportion is mathematically represented as  

=>          

=>          

From the question we are told the confidence level is  95% , hence the level of significance is    

=>  

Generally from the normal distribution table the critical value  of   is  

Generally the margin of error is mathematically represented as  

=>  

=>  

Generally 95% confidence interval is mathematically represented as  

=>    

=>    

Generally the interval above can interpreted as

    There is 95% confidence that the true proportion of Wal-Mart stores that have more than 2 items priced inaccurately per 100 items scanned lie within the interval  

Considering question b

Generally  99% is outside the interval obtained in a  above then the claim of Wal-mart is not believable  

Considering question c

From the question we are told that

    The margin of error is  E = 0.05

From the question we are told the confidence level is  95% , hence the level of significance is    

=>  

Generally from the normal distribution table the critical value  of   is  

Generally the sample size is mathematically represented as  

=>

=>    

answer: answer

step-by-step explanation:

geometric series converge the common ratio r has magnitude less than one.

which is equivalent to

for the example we need

|2-x| < 1

-1 < 2-x   and 2-x < 1

x < 3 and x > 1

we can write that

answer: 1 < x < 3

1a. common ratio r=250/25=10 > 1     diverges

1b.   r=50/100=1/2 converges

when these converge they converge to

where a is the first term.

answer: 200

1c. r=-1   so it's not the case that |r| < 1.     diverges

2a. x is the common ratio so we converge when |x|< 1

2b.   r=-10x / -2 = 5x.

we converge when

|5x| < 1

|x| < 1/5

2c.   r=3-2x

-1 < 3-2x and 3-2x < 1

-4 < -2x and 2 < 2x

x < 2 and 1 < x

1 < x < 2

2d. [/tex] r=-48x^3/12 = 4x^3[/tex]

|4x^3| < 1

|x^3| < \frac 1 4

|x| < 4^{-1/3}