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Internal Control Policy - CI

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An internal control policy for an online fashion accessories store requires a quality assurance check before a shipment is made. The tolerable exception rate for this internal control is 0.05. during an audit, 500 hipping records were sampled from a population of 5,000 shipping records were found that violated the control. what is the upper bound for a 95% one sided confidence interval estimate for the rate of noncompliance?

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Solution Summary

This solution calculates the upper bound for a .05 confidence level for a rate.

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