A car manufacturer is concerned about poor customer satisfaction at one of its dealerships. The management decides
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A car manufacturer is concerned about poor customer satisfaction at one of its dealerships. The management decides to evaluate the satisfaction surveys of its next 40 customers. The dealer will be fined if fewer than 26 customers report favorably and the dealership will be dissolved if fewer than 22 report favorably. It is known that 70% of the dealer's customers report favorably on satisfaction surveys.
a. What is the probability that the dealer will be fined?
b. What is the probability that the dealership will be dissolved? L056
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia
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