26. A company guarantees customer satisfaction on the purchase of a product, or the company will refund the purchase price of the product. Previous experience has shown that 5% of tall purchases are returned. What is the probability the that no more than 1 of the next 8 purchased will be returned.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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26. A company guarantees customer satisfaction on the purchase
of a product, or the company will refund the purchase price of the
product. Previous experience has shown that 5% of tall purchases
are returned. What is the probability the that no more than 1 of the
next 8 purchased will be returned.
Transcribed Image Text:26. A company guarantees customer satisfaction on the purchase of a product, or the company will refund the purchase price of the product. Previous experience has shown that 5% of tall purchases are returned. What is the probability the that no more than 1 of the next 8 purchased will be returned.
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