Answered: find the probability of 20% to 36% of…

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Probability

find the probability of 20% to 36% of these n=40 customers to shop in installments?

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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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

23 - It is known that 35% of customers shopping for more than 500 YTL in a market shop in installments. Since the standard error of the sample distribution of the rates for n=40 customers who shop more than 1000 YTL is 0.0753, find the probability of 20% to 36% of these n=40 customers to shop in installments?
A) 0.96

B) 0.364

C) 0.345

D) 0.124

E) 0.5284

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