Dartmouth Distribution Warehouse makes deliveries of a large number of products to its customers. It is known

Question:

Dartmouth Warehouse makes deliveries of a large number of products to its customers. It is known that 85% of all the orders it receives from its customers are delivered on time. Let p̂ be the proportion of orders in a random sample of 100 that are delivered on time. Find the probability that the value of p̂ will be
a. Between .81 and .88
b. Less than .87 Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...