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1.In his management information systems textbook, Professor David Kroenke raises an interesting point:“If 98% of our market has Internet access, do we have a responsibility to provide non-Internet materials to that other 2%?Suppose that 98% of the customers in your market do have Internet access, and you select a random sample of 500 customers.What is the probability that the sample has
a.Greater than 99% of the customers with internet access?
b.Between 97% and 99% of the customers with Internet access?
c.Fewer than 97% of the customers with Internet access?
Standard deviations for first- and second-time and confidence interval
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