Question
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
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 dealership will be fined if the number of customers who report favorably is between 24 and 30. The dealership will be dissolved if fewer than 24 customers report favorably. It is known that 67% of the dealership's customers report favorably on satisfaction surveys. [You may find it useful to reference the z table.]
a. What is the probability that the dealership will be fined? (Round final answer to 4 decimal places.)
b. What is the probability that the dealership will be dissolved? (Round final answer to 4 decimal places.)
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