Question: homework please help stats l l Trevor is interested in purchasing the local hardware/sporting goods store in the small town of Dove Creek, Montana. After

homework please help stats

homework please help stats \\l l Trevor is interested in purchasing the

\\l l Trevor is interested in purchasing the local hardware/sporting goods store in the small town of Dove Creek, Montana. After examining accounting records for the past several years, he found that the store has been grossing over $850 per day about 55% of the business days it is open. Estimate the probability that the store will gross over $850 fOl the following. (Round your answers to three decimal places.) IA USE SALT (a) at least 3 out of 5 business days (b) at least 6 out of 10 business days (c) fewer than 5 out of 10 business days (d) fewer than 6 out of the next 20 business days If the outcome described in part (d) actually occurred, might it shake your condence in the statement p = 0.55? Might it make you suspect that p is less than 0.55? Explain. @ Yes. This is unlikely to happen if the true value ofp is 0.55. 0 Yes. This is likely to happen if the true value ofp is 0.55. O No. This is unlikely to happen if the true value ofp is 0.55. O No. This is likely to happen if the true value ofp is 0.55. (e) more than 17 out of the next 20 business days

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