# statistics

posted by .

Five percent of all items sold by a mail-order company are returned by customers for a refund. Find the probability that of two items sold during a given hour by this company both will be returned for a refund

• statistics -

experiment for n=400, p=0.06, where p is the probability of a success

• statistics Tola -

First, if you have a question, it is much better to put it in as a separate post in <Post a New Question> rather than attaching it to a previous question, where it is more likely to be overlooked.

• statistics tim -

Assuming that the percentage applies to an hour,

First item p=.05
Second item p = .05

The probability of all/both probabilities occurring is found by multiplying the individual probabilities.

## Similar Questions

1. ### Accounting urgent

Prepare the journal entries to record the following transactions on Panther Company’s books using a perpetual inventory system. (For multiple debit/credit entries, list accounts in order of magnitude.) (a) On March 2 Panther Company …
2. ### math

The amount of revenue a company makes per day by selling x items is given by the function f(x) = 14x - 0.2x2. How many items should be sold if the company wants to maximize their profit?
3. ### math

The amount of revenue a company makes per day by selling x items is given by the function f(x) = 14x - 0.2x2. How many items should be sold if the company wants to maximize their profit?
4. ### statistics

Three percent of all items sold by a mail-order company are returned by customers for a refund. Find the probability that of two items sold during a given hour by this company both will be returned for a refund
5. ### statistics

Five percent of all items sold by a mail-order company are returned by customers for a refund. Find the probability that of two items sold during a given hour by this company both will be returned for a refund
6. ### statistics

Five percent of all items sold by a mail-order company are returned by customers for a refund. Find the probability that of two items sold during a given hour by this company both will be returned for a refund
7. ### statistics

Five percent of all items sold by mail order company are returned by customers for a refund. Find the probability that, of two items sold during a given hour by this company, a) both will be returned for a refund b) neither will be …
8. ### statistics

Five percent of all items sold by a mail-order company are returned by customers for a refund. Find the probability that of two items sold during a given hour by this company both will be returned for a refund (round to four decimal …
9. ### stats

Five percent of all items sold by a mail-order company are returned by customers for a refund. Find the probability that, of two items sold during a given hour by this company, neither will be returned for a refund.
10. ### Accounting

Zell Company had sales of \$1,800,000 and related cost of merchandise sold of \$1,150,000 for its first year of operations ending December 31, 2016. Zell Company provides customers a refund for any returned or damaged merchandise. At …

More Similar Questions