Regifting is defined as the act of taking a gift that has been given to you and presenting it as a gift to someone else. According to survey conducted by a credit card company regarding consumer...


Regifting is defined as the act of taking a gift that has been given to you and presenting it as a gift to someone else. According to survey conducted by a credit card company regarding consumer spending, 81% of the respondents felt that it was<br>socially acceptable to regift during the holiday season (big sigh of relief). Suppose a random sample of 10 holiday shoppers was selected. Complete parts a through d.<br>a. What is the probability that 9 shoppers from this sample felt that regifting was socially acceptable?<br>The probability is.<br>(Type an integer or decimal rounded to four decimal places as needed.)<br>b. What is the probability that more than 7 shoppers from this sample felt that regifting was socially acceptable?<br>The probability is.<br>(Type an integer or decimal rounded to four decimal places as needed.)<br>c. What is the probability that fewer than 10 shoppers from this sample felt that regifting was socially acceptable?<br>The probability is<br>(Type an integer or decimal rounded to four decimal places as needed.)<br>d. What are the mean and standard deviation for this distribution?<br>The mean is-<br>(Type an integer or a decimal. Do not round.)<br>The standard deviation is.<br>(Type an integer or decimal rounded to two decimal places as needed.)<br>

Extracted text: Regifting is defined as the act of taking a gift that has been given to you and presenting it as a gift to someone else. According to survey conducted by a credit card company regarding consumer spending, 81% of the respondents felt that it was socially acceptable to regift during the holiday season (big sigh of relief). Suppose a random sample of 10 holiday shoppers was selected. Complete parts a through d. a. What is the probability that 9 shoppers from this sample felt that regifting was socially acceptable? The probability is. (Type an integer or decimal rounded to four decimal places as needed.) b. What is the probability that more than 7 shoppers from this sample felt that regifting was socially acceptable? The probability is. (Type an integer or decimal rounded to four decimal places as needed.) c. What is the probability that fewer than 10 shoppers from this sample felt that regifting was socially acceptable? The probability is (Type an integer or decimal rounded to four decimal places as needed.) d. What are the mean and standard deviation for this distribution? The mean is- (Type an integer or a decimal. Do not round.) The standard deviation is. (Type an integer or decimal rounded to two decimal places as needed.)

Jun 02, 2022
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