In an effort to cut costs and improve profits, any US companies have been turning to outsourcing. In fact, according to Purchasing magazine, 54% of companies surveyed outsourced some part of their manufacturing process in the past two to three years. Suppose n=659n=659 of these companies are contacted. What is the probability percentage that 338 or more companies outsourced some part of their manufacturing process in the past two or three years? Round the percent to two decimal places.  What is the probability percentage that 285 or more companies outsourced some part of their manufacturing process in the past two or three years? Round the percent to two decimal place.  What is the probability percentage that 48% or less of these companies outsourced some part of their manufacturing process in the past two or three years? Round the percent to two decimal places.

Question

In an effort to cut costs and improve profits, any US companies have been turning to outsourcing. In fact, according to Purchasing magazine, 54% of companies surveyed outsourced some part of their manufacturing process in the past two to three years. Suppose n=659n=659 of these companies are contacted.

  1. What is the probability percentage that 338 or more companies outsourced some part of their manufacturing process in the past two or three years? Round the percent to two decimal places

  2. What is the probability percentage that 285 or more companies outsourced some part of their manufacturing process in the past two or three years? Round the percent to two decimal place. 

  3. What is the probability percentage that 48% or less of these companies outsourced some part of their manufacturing process in the past two or three years? Round the percent to two decimal places. 

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Math
Statistics

Other

Related Statistics Q&A

Find answers to questions asked by students like you.

Q: On a standardized spatial skills task, normative data reveal that people typically get μ = 15 correc...

A: On a standardized spatial skills task, normative data reveal that people typically get μ = 15 correc...

Q: Coal is carried from a mine in West Virginia to a power plan in New York in hopper cars on a long tr...

A: Note: Thank you for the question. Since the complete information is missing in the question, it is a...

Q: Please answer B, C,  & D.

A: (a)   Determine the type of study used.   The type of study used is “t-test for population mean”.   ...

Q: I am having trouble solving this problem.  Can you please provide me with some help?  Thank you.  I ...

A: Given that, The telecommunications manager at Lowell Call Center is concerned about the average diff...

Q: Hi can i get some help in answering the question below please. Show calculations along and explanati...

A: Let X be the random variable denotes that the length of the phone call in minutes It is given that X...

Q: A leading magazine (like Barron's) reported at one time that the average number of weeks an individu...

A: Given,  x=26μ=26σ=7n=40 Let X be the length of unemployment. 1. The required distribution of X is gi...

Q: The amount of pollutants that are found in waterways near large cities is normally distributed with ...

A: Given that :  The amount of pollutants that are found in waterways near large cities is normally dis...

Q: Express the confidence interval (62.1%, 70.5%) in the form of p^±E. ___ %  ±  ____ %

A: From the provided information, Confidence interval (62.1%, 70.5%)

Q: Why do we express our hypothesis in a conservative form (i.e., no difference)?

A: Click to see the answer

Q: The average amount of money spent for lunch per person in the college cafeteria is $6.82 and the sta...

A: Given that μ=6.82σ=2.99n=9 Let X be the amount of money spent for lunch per person in the college ca...

Q: A group of 44 people were randomized into two equal-sized groups (22 in each). The treatment group a...

A: Click to see the answer

Q: Many people think that a national lobby's successful fight against gun control legislation is reflec...

A: Click to see the answer

Q: Refer to the accompanying data display that results from a sample of airport data speeds in Mbps. Co...

A: Given,

Q: In a large clinical trial, 396,553 children were randomly assigned to two groups. The treatment grou...

A: Given, α=0.10 a). To test the claim p1<p2 hypothesis test is better to be used. b). The p-value m...

Q: State whether the following statement is true or false: “The correlation between shoe size and heigh...

A: Given  Correlation coefficient = 0.7

Q: Suppose a new production method will be implemented if a hypothesis test supports the conclusion tha...

A: a)   Consider that μ defines the population mean cost.

Q: I'm having a hard time understanding how to solve this question. I think the distribution is suppose...

A: Here T- distribution is applicable as Population standard dev is unknown

Q: What is the answer?

A: Given information a) n = 350; p̂ = 0.30, α = 0.01

Q: The following information is obtained for a sample of 80 observations taken from a population. SS = ...

A: Given: Se=0.987α=0.03y^=164.68-2.88x Intercept=164.68 Slope=-2.88

Q: A set of n = 25 pairs of scores (X and Y values) produces a regression equation Y = 3X – 2. Findthe ...

A: Given that : A set of n = 25 pairs of scores ( X and Y values ) produces a regression equation Y  = ...

Q: Statistics Question

A: Solution: State the hypotheses. Null hypothesis: H0: Home/visitor wins are independent. Alternative ...

Q: A farmer wants to test the effectiveness of a pest control method in allowing strawberry blooms to y...

A: Click to see the answer

Q: I just do letter d and e please and show work thank you  A group of students measure the length and ...

A: The dependent variable y is width of the beans and the independent variable x is height of the beans...

Q: D. What would be the slope and y-intercept for a regression line based on these data? E. What wouıld...

A:   D. Regression: The regression analysis is conducted here by using EXCEL. The software procedure is...

Q: Two crossing, non-parallel lines in a graph pertaining to separate factors (i.e., A & B) in a tw...

A: Note: Hey, since multiple questions are posted, we will answer first question for you. If you want a...

Q: A data set includes weights of garbage discarded in one week from 62 different households. The paire...

A: Correlation coefficient measures the strength and direction of the linear relationship between two v...

Q: The owner of a computer repair shop has determined that their daily revenue has mean $7200 and stand...

A: Let X be the daily revenue X has mean μ = $7200 and standard deviation σ = $1200 Sample size n = 30 ...

Q: Marivic is interested in the effect of playing puzzle games on academic achievement. She devised a s...

A: The correlation coefficient is 0.40.

Q: A stick is one foot long. You break it at a point X (measured from the left end) chosen randomly uni...

A: I have solved first three parts (a), (b) and (c). Given  The random variable X is uniformly distribu...

Q: For a confidence level of 90% with a sample size of 31, find the critical t value.

A: The critical value for a t-statistic with n degrees of freedom evaluated, is a constant c such that ...

Q: Business Weekly conducted a survey of graduates from 30 top MBA programs. On the basis of the survey...

A: Q1)Mean = 190000Standard deviation = 34000 The distribution of X is N(190000,34000)   Q2)The mean is...

Q: A set of data has a normal distribution with a population mean of 167.5 and population standard devi...

A: The Z-score of a random variable X is defined as follows: Z = (X – µ)/σ. Here, µ and σ are the mean ...

Q: In a study of pain relievers, 50people were given product A, and all but 11 experienced relief. In t...

A: Given Information :  In a study of pain relievers, 50 people were given product A, and all but 11 ex...

Q: The wait time at a drive-through fast-food restaurant has a standard deviation of 18.0 seconds. Use ...

A: Given that, The wait time at a drive-through fast-food restaurant has a standard deviation of 18.0 s...

Q: Refer to the data in images.  Test for a significant difference in the variances of theinitial white...

A: Solution: It is asked to test the claim that is there a significant difference in the variances of t...

Q: Does being part of a support group affect the ability of people to quit smoking? A county health depa...

A: (a) The 2 x 2 contingency table is given as follows:   Received nicotine patch +Met support group...

Q: The manager of a laptop computer dealership is considering a new bonus plan in order to increase sal...

A: The target is to increase sales. So , we will need to test increase in sales versus it remains the s...

Q: The recidivism rate for convicted sex offenders is 16%. A warden suspects that this percent is highe...

A: Given : x = 72 n = 378 p^ = xn p^ = 72378 p^ = 0.191 α = 0.1 a) For this study, we should use one-sa...

Q: When the area corresponding to the critical value is in the lower tail of the sampling distribution,...

A: Given that the area corresponding to the critical value is in the lower tail of the sampling distrib...

Q: Thank you in Advance for quick response. Best,

A: If f(x) is a probability function then total probability is equal to 1.  We'll calculate k through t...

Q: The International Business Society conducts a series of managerial surveys to detect challenges that...

A: Given, Number of small firms n1=423 Number of large firms n2=192 Sample proportion of small firms is...

Q: Show work please    If SAT scores are normally distributed with a mean of 500 and a standard deviati...

A: Given that  μ=500σ=100 Let a be the minimum score is needed to ensure that you are in the top 7%. Th...

Q: What statistical test is most appropriate for comparing the proportions of two categories of two ind...

A: Z-test for two sample proportion is most appropriate to compare the proportions of two categories of...

Q: The amount of coffee that people drink per day is normally distributed with a mean of 17 ounces and ...

A: Here for a normal distribution mean and standard is given. mean, µ = 17 and standard deviation, σ = ...

Q: (a) Calculate the test statistic. (Round your answer to two decimal places.) What is the p-value? (R...

A: The pooled proportion can be calculated as:

Q: Cardiorespiratory fitness is widely recognized as a major component of overall physical well-being. ...

A: Hello! As you have posted more than 3 sub parts, we are answering the first 3 sub-parts.  In case yo...

Q: What is an assumption made about the value of a population parameter called? conclusion O probabilit...

A: Population parameter is given.