Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Seams Personal advertises on its website that 95% of customer orders are received within four working days. They performed an audit from a random sample

Seams Personal advertises on its website that 95% of customer orders are received within four working days. They performed an audit from a random sample of 500 of the 6,000 orders received that month and it shows 470 orders were received on time. Part A: Can we use a normal approximation? Explain.

Part B: What is the lowest possible sample size? What is the shape of the populations distribution? Part C: If Seams Personal customers really receive 95% of their orders within four working days, what is the probability that the proportion in the random sample of 500 orders is the same as the proportion found in the audit sample or less?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Brief Calculus & Its Applications

Authors: Larry J Goldstein, David C Lay, David I Schneider, Nakhle I Asmar

13th Edition

0321888510, 9780321888518

More Books

Students also viewed these Mathematics questions

Question

11.2 What is the equation to calculate the payback period?

Answered: 1 week ago