Based on historical data, your manager believes that 36% of the company's orders come from first-time customers. A random sample of 74 orders will be used to estimate the proportion of first-time-customers What is the probability that the sample proportion is between 0.26 and 0.47? (Enter your answer as a number accurate to 4 decimal places.)
Based on historical data, your manager believes that 36% of the company's orders come from first-time customers. A random sample of 74 orders will be used to estimate the proportion of first-time-customers What is the probability that the sample proportion is between 0.26 and 0.47? (Enter your answer as a number accurate to 4 decimal places.)
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Transcribed Image Text:Based on historical data, your manager believes that 36% of the company's orders come from first-time
customers. A random sample of 74 orders will be used to estimate the proportion of first-time-customers
What is the probability that the sample proportion is between 0.26 and 0.47?
(Enter your answer as a number accurate to 4 decimal places.)
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