The Procurement Manager for a Large Company Wishes to Estimate

True/False

The procurement manager for a large company wishes to estimate the proportion of parts from a supplier that are defective. She has selected a random sample of n = 200 incoming parts and has found 11 to be defective. Based on a 95 percent confidence level, the upper and lower limits for the confidence interval estimate are approximately 0.0234 to 0.0866.