Based on historical data, your manager believes that 25% of the company's orders come from first- time customers. A random sample of 83 orders will be used to estimate the proportion of first-time- customers. What is the probability that the sample proportion is greater than than 0.31? Note: You should carefully round any z-values you calculate to 4 decimal places to match wamap's approach and calculations. Answer = (Enter your answer as a number accurate to 4 decimal places.)

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Based on historical data, your manager believes that 25% of the company's orders come from first-time customers. A random sample of 83 orders will be used to estimate the proportion of first-time customers. What is the probability that the sample proportion is greater than 0.31?

Note: You should carefully round any z-values you calculate to 4 decimal places to match wampap's approach and calculations.

Answer = ______ (Enter your answer as a number accurate to 4 decimal places.)

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Transcribed Image Text:Based on historical data, your manager believes that 25% of the company's orders come from first-time customers. A random sample of 83 orders will be used to estimate the proportion of first-time customers. What is the probability that the sample proportion is greater than 0.31? Note: You should carefully round any z-values you calculate to 4 decimal places to match wampap's approach and calculations. Answer = ______ (Enter your answer as a number accurate to 4 decimal places.) Question Help: Message Instructor [Submit Question Button]
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