Of 500 vehicles sold by an auto dealership last month, 200 have a defect that will require a factory recall for dealer correction For a simple random sample of n 5 50 of last months customers, what is the probability that no more than 15 will be affected by the recall ...

Let p proportion of vehicles with a ...

Of 500 vehicles sold by an auto dealership last month, 200 have a defect that will require

Question:

Of 500 vehicles sold by an auto dealership last month, 200 have a defect that will require a factory recall for correction. For a simple random sample of n 5 50 of last month’s customers, what is the probability that no more than 15 will be affected by the recall?
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...