costs and improve profits, any US companies have been turning to ou rcing. In fact, according to Purchasing magazine, 54% of companies surveyed outsourced some part of their manufacturing process in the past two to three years. Suppose 555 of these companies are contacted. a. What is the probability percentage that 338 or more companies outsourced some part of their manufacturing process in the past two or three years? Round the percent to two decimal places. b. What is the probability percentage that 285 or more companies outsourced some part of their manufacturing process in the past two or three years? Round the percent to two 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 10CYU
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In an effort to cut costs and improve profits, any US companies have been turning to outsourcing. In fact,
according to Purchasing magazine, 54% of companies surveyed outsourced some part of their manufacturing
process in the past two to three years. Suppose 555 of these companies are contacted.
a. What is the probability percentage that 338 or more companies outsourced some part of their
manufacturing process in the past two or three years? Round the percent to two decimal places.
b. What is the probability percentage that 285 or more companies outsourced some part of their
manufacturing process in the past two or three years? Round the percent to two decimal places.
c. What is the probability percentage that 48% or less of these companies outsourced some part of their
manufacturing process in the past two or three years? Round the percent to two decimal places.
Transcribed Image Text:In an effort to cut costs and improve profits, any US companies have been turning to outsourcing. In fact, according to Purchasing magazine, 54% of companies surveyed outsourced some part of their manufacturing process in the past two to three years. Suppose 555 of these companies are contacted. a. What is the probability percentage that 338 or more companies outsourced some part of their manufacturing process in the past two or three years? Round the percent to two decimal places. b. What is the probability percentage that 285 or more companies outsourced some part of their manufacturing process in the past two or three years? Round the percent to two decimal places. c. What is the probability percentage that 48% or less of these companies outsourced some part of their manufacturing process in the past two or three years? Round the percent to two decimal places.
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