Of all customers purchasing automatic garage-door openers, 57% purchase a chain-driven model. Let X = the number among the next 15 purchasers who select the chain-driven model. a. Calculate P(X > 10). b. Calculate P(8

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Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.