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Suppose That the Probability That a Person Between the Ages

question 17

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Suppose that the probability that a person between the ages of 19 and 24 checks their dailyhoroscope is 0.12. If 400 randomly selected people between the ages of 19 and 24 were asked "Doyou check your daily horoscope?", would you be surprised if 63 or more said yes to this question?Why?


Definitions:

Eco-efficiency Measure

A metric to assess the economic and environmental performance of a process or product, aiming to achieve higher productivity while reducing environmental impacts.

Energy Efficiency

The goal of using less energy to perform the same task or produce the same outcome, reducing energy waste.

Insurance Expense

The cost incurred by a company to maintain insurance coverage on its assets, operations, or liabilities, recognized periodically as an operating expense.

Factory Building

Real estate property that is used for manufacturing operations, including the production of goods and materials.

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