Mathematics, 13.06.2020 21:57 anyar
The statistics guru on the board of directors was right! It does, in fact, look like about 15% of the orders will be free with the new promotion Connie was so excited to launch. Suppose the board likes the idea of the promotion but wants Connie to adjust the time so that only about 5% of the orders will be free. Use the chart to find the closet probability to .95 (1 – .05 = .95). Then, work backward to determine what the new time in the promotion should be.
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The statistics guru on the board of directors was right! It does, in fact, look like about 15% of th...
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