40.3% of consumers believe that cash will be obsolete in the next 20 years. Assume that 6 consumers are randomly selected. Find the probability that fewer than 3 of the selected consumers believe that cash will be obsolete in the next 20 years. The probability is. (Round to three decimal places as needed.)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 35E
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40.3% of consumers believe that cash will be obsolete in the next 20 years. Assume that 6 consumers are randomly
selected. Find the probability that fewer than 3 of the selected consumers believe that cash will be obsolete in the next 20
years.
The probability is
(Round to three decimal places as needed.)
Transcribed Image Text:40.3% of consumers believe that cash will be obsolete in the next 20 years. Assume that 6 consumers are randomly selected. Find the probability that fewer than 3 of the selected consumers believe that cash will be obsolete in the next 20 years. The probability is (Round to three decimal places as needed.)
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