Based on historical data, your manager believes that 30% of the company's orders come from first-time customers. A random sample of 76 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less than 0.27?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.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 42PFA
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Based on historical data, your manager believes that 30% of the company's orders come from first-time customers. A random sample of 76 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less than 0.27?

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.)

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