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Based on historical data, your manager believes that 35% of the company's orders come from first-time customers. A random sample of 153 orders will be
Based on historical data, your manager believes that 35% of the company's orders come from first-time customers. A random sample of 153 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less than 0.33?
Note: Do not round your answers throughout the problem until the very end. I encourage you to use Excel for these problems.
Answer =(Enter your answer as a number accurate to 2 decimal places.)
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