Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your mail order company advertises that it ships 90% of its orders within three working days. You select a random sample of 100 of the

Your mail order company advertises that it ships 90% of its orders within three working days. You select a random sample of 100 of the 5,000 orders received in the past week for audit. The audit shows that 86 of these orders were shipped on time. If the company really ships 90% of its orders on time, find the probability that 86 or fewer were shipped on time. What do we know? What do we want to find? What do you expect the answer to be? How do I go from what I know to what I want to find out? Does this answer seem reasonable?

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

Mathematics for Economics and Business

Authors: Ian Jacques

9th edition

129219166X, 9781292191706 , 978-1292191669

More Books

Students also viewed these Mathematics questions