Based on historical data, your manager believes that 27% of the company's orders come from first-time customers. A random sample of 79 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is between 0.25 and 0.48? (Enter your answer as a number accurate to 4 decimal places.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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**Problem Statement:**

Based on historical data, your manager believes that 27% of the company's orders come from first-time customers. A random sample of 79 orders will be used to estimate the proportion of first-time customers. What is the probability that the sample proportion is between 0.25 and 0.48?

**Instructions:**

(Enter your answer as a number accurate to 4 decimal places.)
Transcribed Image Text:**Problem Statement:** Based on historical data, your manager believes that 27% of the company's orders come from first-time customers. A random sample of 79 orders will be used to estimate the proportion of first-time customers. What is the probability that the sample proportion is between 0.25 and 0.48? **Instructions:** (Enter your answer as a number accurate to 4 decimal places.)
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Based on historical data, your manager believes that 27% of the company's order come from first-time customers.

A random sample of 79 orders will be used to estimate the proportion of first-time customers.

The probability that the sample proportion is between 0.25 and 0.48 is = ?

 

 

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