SOLUTION: The Better Business Bureau reported that approximately 72.2% of consumer complaints in 2006 were settled.
If a random sample of five consumer complaints is selected, what is t
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If a random sample of five consumer complaints is selected, what is t
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Question 421241: The Better Business Bureau reported that approximately 72.2% of consumer complaints in 2006 were settled.
If a random sample of five consumer complaints is selected, what is the probability that none was settled? Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! The Better Business Bureau reported that approximately 72.2% of consumer complaints in 2006 were settled.
If a random sample of five consumer complaints is selected, what is the probability that none was settled?
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P(settled) = 0.722
P(not settled) = 0.278
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P(5 not settled) = 0.278^5 = 0.001660
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Cheers,
Stan H.
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