A university bookstore claims that 50% of its customers are satisfied with the service and prices. a.

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A university bookstore claims that 50% of its customers are satisfied with the service and prices.

a. If this claim is true, what is the probability that in a random sample of 600 customers less than 45% are satisfied?

b. Suppose that in a random sample of 600 customers, 270 express satisfaction with the bookstore. What does this tell you about the bookstore’s claim?

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Statistics For Management And Economics Abbreviated

ISBN: 9781285869643

10th Edition

Authors: Gerald Keller

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Question Posted: Feb 03, 2015 08:43 AM

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A university bookstore claims that 50% of its customers are satisfied with the service and prices. a.

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Statistics For Management And Economics Abbreviated

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