A brand name has a 70% recognition rate. If the owner of the brand wants to verify that rate by beginning with a small sample of 10 randomly selected consumers, find the probability that exactly? of the 10 consumers recognize the brand name Use the binomial probability formula to find the probability. The probability that exactly 7 of the 10 consumers recognize the brand name is (Round to three decimal places as needed)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.3: Binomial Probability
Problem 2E: If a binomial experiment has probability p success, then the probability of failure is...
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A brand name has a 70% recognition rate. If the owner of the brand wants to verify that rate by beginning with a small sample of 10 randomly selected consumers, find the probability that exactly 7 of
the 10 consumers recognize the brand name.
Use the binomial probability formula to find the probability.
The probability that exactly 7 of the 10 consumers recognize the brand name is
0
(Round to three decimal places as needed.),
OLD
Transcribed Image Text:A brand name has a 70% recognition rate. If the owner of the brand wants to verify that rate by beginning with a small sample of 10 randomly selected consumers, find the probability that exactly 7 of the 10 consumers recognize the brand name. Use the binomial probability formula to find the probability. The probability that exactly 7 of the 10 consumers recognize the brand name is 0 (Round to three decimal places as needed.), OLD
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