THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Suppose that 20% of all invoices are for amounts greater than $800.A random sample of 50 invoices is taken.
-What is the probability that more than 22.7% of these 50 invoices are for more than $800?
A)0.1368
B)0.2266
C)0.3156
D)0.2734

Question

Quizplus · Accepted Answer

The Answer of THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Suppose that 20% of all invoices are for amounts greater than $800.A random sample of 50 invoices is taken.
-What is the probability that more than 22.7% of these 50 invoices are for more than $800?
A)0.1368
B)0.2266
C)0.3156
D)0.2734