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A B C D E F G Storage Type 'Storage Type : Storage Type : 2 Mean 0.0298 0.0326 0.0586 3 Standard Deviatio 0.1701 0.1776 0.2349 4 Sample Size 5,000...
Let's review inventory sampling data company A collected after the implementation of cardboard dividers. Confidence intervals have been constructed to estimate the true inventory defect rate for each of the three different storage types at the warehouse. One of these storage types uses the cardboard divider.
Company A sampled 5,000 observations from each of the three different storage types and recorded "1" if there was a defect in the bin and "0" if there was not. The mean defect rate and standard deviation for each storage bin 1,2 or 3, provided below. Based on your analysis and the information , which storage bin below 1,2 or 3 do you think uses the cardboard divider? Why? What is the true defect rate of the inventory separated by the cardboard dividers?
ABCDEFGStorage Type 'Storage Type : Storage Type :2Mean0.02980.03260.05863Standard Deviatio0.17010.17760.23494Sample Size5,0005,0005,00056Lower Bound2.51%2.77%5.21%7Upper Bound3.45%3.75%6.51%8