In an effort to cut costs and improve profits, many US companies have been turning to outsourcing. In fact, according to "Purchasing" magazine, 57% of companies outsourced some part of their...


I don't know how to do part b of this question. Please help!!


In an effort to cut costs and improve profits, many US companies have been turning to outsourcing.<br>In fact, according to

Extracted text: In an effort to cut costs and improve profits, many US companies have been turning to outsourcing. In fact, according to "Purchasing" magazine, 57% of companies outsourced some part of their manufacturing process in the past two to three years. You would like to verify this complaint, and surveyed 558 companies. Show your answer to 4 decimal places if necessary. a. What is the distribution of p? p - N( 0.57 0.0210 b. What is the probability that between 306 and 317 companies outsourced some part of their manufacturing process in the past two or three years? 0

Jun 09, 2022
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