Answer Happy

11. Given the following information, apply a one tail test to the respective claims about the population proportion failure rate and then determine the price for a 10,000 unit shipment. . . . The unit price, absent a premium or discount, is $1.50 each The industry standard unit failure rate is .01 (1%) 1000 units in a 20,000 unit production run are randomly tested at CL = .875 The seller claims the population proportion failure rate is less than the industry standard, the units are of superior quality, and the unit price should include a 2% premium The buyer claims the population proportion failure rate is greater than the industry standard, the units are of inferior quality, and the unit price should include a 2% discount I 11.1 11.2 11.3 8 units fail 14 units fail 6 units fail