- 2 The President Of Fred Inc Believes That 30 Of The Firm S Orders Come From First Time Customers A Random Sample Of 1 (24.37 KiB) Viewed 36 times
2. The president of Fred Inc., believes that 30% of the firm's orders come from first-time customers. A random sample of
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2. The president of Fred Inc., believes that 30% of the firm's orders come from first-time customers. A random sample of
2. The president of Fred Inc., believes that 30% of the firm's orders come from first-time customers. A random sample of 100 orders will be used to estimate the proportion of first-time customers. a) Assume that the president is correct and p=0.3. What is the sampling distribution of P for this study? b) What is the probability that the sample proportion P will be between .20 and .40?