The Probability of Success on Any Trial of a Binomial

question 100

Short Answer

The probability of success on any trial of a binomial experiment is 20%.Find the probability that the proportion of success in a sample of 400 is:
a.less than 18%.
b.more than 18%.
c.between 18% and 22%.

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Definitions:

Industry

The sector of an economy that is characterized by the production and manufacturing of goods or services within a particular field.

Recent Event

Refers to an occurrence or happening that took place in the near past.

Logistics Management

Planning, implementing, and controlling the efficient and effective forward and reverse flow and storage of goods, services, and related information.

Performance Measurement

The process of collecting, analyzing, and/or reporting information regarding the performance of an individual, group, organization, system, or component.