1. When a customer places an order with ACME Food Supplies, the accounting information system (AIS) automatically checks to see if the customer exceeds its credit limit. Last month, ACME processed 5000 orders and 6% exceeded the customer's credit limit. If a random sample of 360 orders is selected from these transactions, what is the probability between 2.5% and 5.2% exceed their credit limit?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
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Sampling Distribution - Question 1 Please solve with simple probability rules
### Probability Question on Exceeding Credit Limits

**Question:**

1. When a customer places an order with ACME Food Supplies, the accounting information system (AIS) automatically checks to see if the customer exceeds its credit limit. Last month, ACME processed 5000 orders and 6% exceeded the customer’s credit limit. If a random sample of 360 orders is selected from these transactions, what is the probability between 2.5% and 5.2% exceed their credit limit?

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Transcribed Image Text:### Probability Question on Exceeding Credit Limits **Question:** 1. When a customer places an order with ACME Food Supplies, the accounting information system (AIS) automatically checks to see if the customer exceeds its credit limit. Last month, ACME processed 5000 orders and 6% exceeded the customer’s credit limit. If a random sample of 360 orders is selected from these transactions, what is the probability between 2.5% and 5.2% exceed their credit limit? --- (No graphs or diagrams are present in this image.)
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