A brand name has a 60% recognition rate. If the owner of the brand wants to verify that rate by beginning with a small sample of 5 randomly selected consumers, find the probability that exactly 3 of the 5 consumers recognize the brand name. Also find the probability that the number who recognize the brand name is not 3. The probability that exactly 3 of the 5 consumers recognize the brand name is (Round to three decimal places as needed.) The probability that the number who recognize the brand name is not 3 is (Round to three decimal places as needed.)

A brand name has a 60% recognition rate. If the owner of the brand wants to verify that rate by beginning with a small sample of 5 randomly selected consumers, find the probability that exactly 3 of the 5 consumers recognize the brand name. Also find the probability that the number who recognize the brand name is not 3. The probability that exactly 3 of the 5 consumers recognize the brand name is (Round to three decimal places as needed.) The probability that the number who recognize the brand name is not 3 is (Round to three decimal places as needed.)

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...

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