Stats Solutions

Solution: 7.a) A manufacturer claimed that at most 10% of the components which he supplied could be faulty. A random sample of 200 components showed that

Question: 7.a) A manufacturer claimed that at most 10% of the components which he supplied could be faulty. A random sample of 200 components showed that only 160 were up to the standard. Test his claim at 1% level of significance.

b) The following are the index numbers of wholesale prices of a certain commodity based on 2001.

Year 2001 2002 2003 2004 2005

Index No 100 108 120 150 210

Shift the base to 2003 and obtain new index numbers

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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