A car manufacturer is concerned about poor customer satisfaction at one of its dealerships. The management decides to evaluate the satisfaction surveys of its next 40 customers. The dealer will be fined if the number of customers who report favorably is between 10 and 16. The dealership will be dissolved if fewer than 10 customers report favorably. It is known that 70% of the dealer's customers report favorably on satisfaction surveys. a. What is the probability that the dealer will be fined? Note: Round your final answer to 4 decimal places. Probability b. What is the probability that the dealership will be dissolved? Note: Round your final answer to 4 decimal places. Probability
A car manufacturer is concerned about poor customer satisfaction at one of its dealerships. The management decides to evaluate the satisfaction surveys of its next 40 customers. The dealer will be fined if the number of customers who report favorably is between 10 and 16. The dealership will be dissolved if fewer than 10 customers report favorably. It is known that 70% of the dealer's customers report favorably on satisfaction surveys. a. What is the probability that the dealer will be fined? Note: Round your final answer to 4 decimal places. Probability b. What is the probability that the dealership will be dissolved? Note: Round your final answer to 4 decimal places. Probability
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:A car manufacturer is concerned about poor customer satisfaction at one of its dealerships. The management decides to evaluate the
satisfaction surveys of its next 40 customers. The dealer will be fined if the number of customers who report favorably is between 10
and 16. The dealership will be dissolved if fewer than 10 customers report favorably. It is known that 70% of the dealer's customers
report favorably on satisfaction surveys.
a. What is the probability that the dealer will be fined?
Note: Round your final answer to 4 decimal places.
Probability
b. What is the probability that the dealership will be dissolved?
Note: Round your final answer to 4 decimal places.
Probability
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