Based on historical data, your manager believes that 33% of the company's orders come from first-time customers. A random sample of 89 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less than 0.32?
Based on historical data, your manager believes that 33% of the company's orders come from first-time customers. A random sample of 89 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less than 0.32?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:Based on historical data, your manager believes that 33%
of the company's orders come from first-time customers.
A random sample of 89 orders will be used to estimate the
proportion of first-time-customers. What is the probability
that the sample proportion is less than 0.32?
Answer =
(Enter your answer as a number
accurate to 4 decimal places.)
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