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C. What is the probability percentage that 7% or less of the Americans surveyed answered they were afraid to fly? Round the percent to
C. What is the probability percentage that 7% or less of the Americans surveyed answered they were afraid to fly? Round the percent to two decimal places. Example 7.2.5: A Food Marketing Institute found that 28% of households spend more than $125 a week on groceries. Assume the population proportion is 0.28 and a simple random sample of 231 households is selected from the population. What is the probability that the sample proportion of households spending more than $125 a week is less than 0.29? Example 7.2.6: In an effort to cut costs and improve profits, any US companies have been turning to outsourcing. In fact, according to Purchasing magazine, 54% of companies surveyed outsourced some part of their manufacturing process in the past two to three years. Suppose 555 of these companies are contacted. a. What is the probability percentage that 338 or more companies outsourced some part of their manufacturing process in the past two or three years? Round the percent to two decimal places. b. What is the probability percentage that 285 or more companies outsourced some part of their manufacturing process in the past two or three years? Round the percent to two decimal place. C. What is the probability percentage that 48% or less of these companies outsourced some part of their manufacturing process in the past two or three years? Round the percent to two decimal places.
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