Please help, I need to be able to understand the steps for the following problem: Based on historical data, your manager

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Please help, I need to be able to understand the steps for the following problem: Based on historical data, your manager

Post by answerhappygod »

Please help, I need to be able to understand the steps for thefollowing problem:
Based on historical data, your manager believes that 38% of thecompany's orders come from first-time customers. A random sample of122 orders will be used to estimate the proportion offirst-time-customers. What is the probability that the sampleproportion is between 0.26 and 0.4?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply