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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

Question 3

Multiple Choice

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.
-Suppose that 15% of all invoices are for amounts greater than $1,000.A random sample of 60 invoices is taken.What is the probability that between 13% and 23% of these 60 invoices are for more than $1,000?


A) 0.4591
B) 0.2019
C) 0.1664
D) 0.6255

Correct Answer:

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