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Shipping constitutes a large par get broken and have to be repla (a)If an item is shipped, what is VOur answer as a decimal rounc

Shipping constitutes a large par get broken and have to be repla (a)If an item is shipped, what is VOur answer as a decimal rounc

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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O X A WA Probability 1- Intro to Probabi X B5 Probability 1: Introduction to Prol X * O -> webassign.net/web/Student/Assignment-Responses/submit?dep3D28685826&tags%=Dauto. <* MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Shipping constitutes a large part of the budget for online retailers. One such retailer ships fragile items that occasionally get broken and have to be replaced/re-shipped. Historically, 8% of these items have gotten broken during shipping. (a)If an item is shipped, what is the probability that it does not get broken? In other words, what is P(not broken)? Express your answer as a decimal rounded to two decimal places. (b) If the retailer ships 4 separate items, what is the probability that none will be broken during shipping? Express your answer as a decimal rounded to three decimal places. Submit Answer 7 O 10:29 Ili
Transcribed Image Text:O X A WA Probability 1- Intro to Probabi X B5 Probability 1: Introduction to Prol X * O -> webassign.net/web/Student/Assignment-Responses/submit?dep3D28685826&tags%=Dauto. <* MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Shipping constitutes a large part of the budget for online retailers. One such retailer ships fragile items that occasionally get broken and have to be replaced/re-shipped. Historically, 8% of these items have gotten broken during shipping. (a)If an item is shipped, what is the probability that it does not get broken? In other words, what is P(not broken)? Express your answer as a decimal rounded to two decimal places. (b) If the retailer ships 4 separate items, what is the probability that none will be broken during shipping? Express your answer as a decimal rounded to three decimal places. Submit Answer 7 O 10:29 Ili
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