Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose that, 15% of customers, of a nationwide electronics store, choose to purchase extended warranties. The store randomly samples 300 recent sales from its records.
Suppose that, 15% of customers, of a nationwide electronics store, choose to purchase extended warranties. The store randomly samples 300 recent sales from its records. Say that 48 of those sampled had purchased an extended warranty.
a) In the context of this question, check the conditions for the sampling distribution of the sample proportion.[2 marks]
b) What is the probability that greater than 48 from the 300 customers sampled, had purchased the extended warranty at this electronics store?[3 marks]
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started