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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 process in the past two to three years. You would like to verify this complaint, and surveyed 452 companies. In calculations and to answer (a) below, round to 4 decimal places. State your answer to (b) as rounded to 3 decimal places. a. What is the distribution of P? P - N b. What is the probability that between 265 and 270 companies outsourced some part of their manufacturing process in the past two or three years?

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 process in the past two to three years. You would like to verify this complaint, and surveyed 452 companies. In calculations and to answer (a) below, round to 4 decimal places. State your answer to (b) as rounded to 3 decimal places. a. What is the distribution of P? P - N b. What is the probability that between 265 and 270 companies outsourced some part of their manufacturing process in the past two or three years?

A First Course in Probability (10th Edition)
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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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 process in the past two to three years. You would like to verify this complaint, and surveyed 452 companies. In calculations and to answer (a) below, round to 4 decimal places. State your answer to (b) as rounded to 3 decimal places. a. What is the distribution of P? P - N b. What is the probability that between 265 and 270 companies outsourced some part of their manufacturing process in the past two or three years?
Transcribed Image Text: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 process in the past two to three years. You would like to verify this complaint, and surveyed 452 companies. In calculations and to answer (a) below, round to 4 decimal places. State your answer to (b) as rounded to 3 decimal places. a. What is the distribution of P? P - N b. What is the probability that between 265 and 270 companies outsourced some part of their manufacturing process in the past two or three years?
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