In an effort to cut costs and improve profits, many US companies have been turning to outsourcing. In fact,according to "Purchasing" magazine, 59% of companies outsourced some part of their manufacturing processin the past two to three years. You would like to verify this complaint, and surveyed 452 companies. Incalculations and to answer (a) below, round to 4 decimal places. State your answer to (b) as rounded to3 decimal places.a. What is the distribution of P? P - Nb. What is the probability that between 265 and 270 companies outsourced some part of theirmanufacturing process in the past two or three years?

Answered: Image /qna-images/answer/7119109d-045d-46c0-b187-d027212351ec.jpg

Answered: In an effort to cut costs and improve…

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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1. What is the mark-up based on cost if a wrist watch is made at a cost of OMR 44 and is sold for OMR 53 per piece? A. 15% B. 25.45% C. 20.45% D. 22.45%
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