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(Solved): Suppose that 30% of all students who have to buy a text for a particular course want a new copy (th ...



Suppose that 30% of all students who have to buy a text for a particular course want a new copy (the successes!), whereas the other 70% want a used copy. Consider ran- domly selecting 25 purchasers. a. What are the mean value and standard deviation of the number who want a new copy of the book? b. What is the probability that the number who want new copies is more than two standard deviations away from the mean value?



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