Please give exact answer and exact steps and take a like Henry Higgins always tries to complete his paper route in under 24 minutes. He has successfully done this 30 times inthe past 45 days. The probability that Henry does not complete the route in under 24 minutes is 33.33%

Let E = Event that Henry complete the route under 24 minutes. So E' = Event that Henry does not…

Answered: Henry Higgins always tries to complete…

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter17: Making Decisions With Uncertainty

Section: Chapter Questions

Problem 7MC

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Henry Higgins always tries to complete his paper route in under 24 minutes. He has successfully done this 30 times in the past 45 days. The probability that Henry does not complete the route in under 24 minutes is 33.33%