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In an effort to cut costs and improve profits, many US companies have been turning to outsourcing. In fact, according to "Purchasing" magazine, 57% of companies outsourced some part of their manufacturing process in the past two to three years. You would like to verify this complaint, and surveyed 502 companies. Show your answer to 4 decimal places if necessary. a. What is the distribution of p? p - N( b. What is the probability that between 280 and 291 companies outsourced some part of their manufacturing process in the past two or three years?

In an effort to cut costs and improve profits, many US companies have been turning to outsourcing. In fact, according to "Purchasing" magazine, 57% of companies outsourced some part of their manufacturing process in the past two to three years. You would like to verify this complaint, and surveyed 502 companies. Show your answer to 4 decimal places if necessary. a. What is the distribution of p? p - N( b. What is the probability that between 280 and 291 companies outsourced some part of their manufacturing process in the past two or three years?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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In an effort to cut costs and improve profits, many US companies have been turning to outsourcing. In fact, according to "Purchasing" magazine, 57% of companies outsourced some part of their manufacturing process in the past two to three years. You would like to verify this complaint, and surveyed 502 companies. Show your answer to 4 decimal places if necessary. a. What is the distribution of p? p - N( b. What is the probability that between 280 and 291 companies outsourced some part of their manufacturing process in the past two or three years?
Transcribed Image Text:In an effort to cut costs and improve profits, many US companies have been turning to outsourcing. In fact, according to "Purchasing" magazine, 57% of companies outsourced some part of their manufacturing process in the past two to three years. You would like to verify this complaint, and surveyed 502 companies. Show your answer to 4 decimal places if necessary. a. What is the distribution of p? p - N( b. What is the probability that between 280 and 291 companies outsourced some part of their manufacturing process in the past two or three years?
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