A company manufacturing computer chips has an allowable rate of 5% for computer chips off the assembly line. In July, there was an 8% failure rate for 1052 chips. They want to know if this rate is higher than normal. Create a 95% confidence interval for the sample proportion of 8% for July.
ME for CI_____
Explain what the company can say about their failure rate from this 95% CI?
With regards to this CI, is 5% a possible failure rate for July or do the machines need to be recalibrated? Why?
PLEASE HELP ME! I am a senior trying to graduate and this class is the only class I am falling behind in!