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Based on historical data, your manager believes that 27% of the company's orders come from first-time customers. A random sample of 80 orders will be
Based on historical data, your manager believes that 27% of the company's orders come from first-time customers. A random sample of 80 orders will be used to estimate the proportion of first-time-customers.Show your answer to 4 decimal places if necessary.
a. What is the distribution of
p
p^
?
p
p^
~ N(Correct
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)
b. What is the probability that the sample proportion is less than 0.34?Incorrect
c. What is the probability that the sample proportion is between 0.24 and 0.26?
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