An online retailer claims that 95% of all orders are shipped…
An online retailer claims that 95% of all orders are shipped within 12 hours of being received. A consumer group placed 300 orders of different sizes and at different times of the day; 276 orders were shipped within 12 hours. Assuming the retailers claim is true, find the probability that a sample of 300 orders would produce a sample proportion lower than the one observed in this sample.
Read DetailsThe U.S. Census Bureau announced that the median sales price…
The U.S. Census Bureau announced that the median sales price of new houses sold in January of 2022 was $428,700 with a standard deviation of $262,700. If you select a sample of 50 houses, what is the probability that the sample mean will be between $353,000 and $383,000?
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