Based on historical data, your manager believes that 34% of the company's orders come from first-time customers. A random sample of 117 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less than 0.31? Note: You should carefully round any z-values you calculate to 4 decimal places to match wamap's approach and calculations.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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how do i solve this. Prof lecture confused me. 

Based on historical data, your manager believes that 34% of the company's orders come from first-time
customers. A random sample of 117 orders will be used to estimate the proportion of first-time-customers.
What is the probability that the sample proportion is less 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.)
Transcribed Image Text:Based on historical data, your manager believes that 34% of the company's orders come from first-time customers. A random sample of 117 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less 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.)
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