Based on historical data, your manager believes that 26% of the company's orders come from first-time customers. A random sample of 112 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less than 0.29? Answer =

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 50E: Flexible Work Hours In a recent survey, people were asked whether they would prefer to work flexible...
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Based on historical data, your manager believes that 26% of the company's orders come from first-time customers. A random sample of 112 orders will be used to estimate the proportion of first-time-customers. What is the probability that the sample proportion is less than 0.29?

Answer =

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