When marketing a new product, a company conducts a taste survey. A recent survey of 244 respondents revealed that 72.66% liked the bread. Determine the variance of the probability distribution.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 50E: Medicine Out of a group of 9 patients treated with a new drug, 4 suffered a relapse. Find the...
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When marketing a new product, a company conducts a taste survey. A recent survey of 244 respondents revealed that 72.66% liked the bread. Determine the variance of the probability distribution.

 
Round your answer to 2 decimal places.
When marketing a new product, a company conducts a taste survey. A recent survey of 244 respondents revealed that 72.66%
liked the bread. Determine the variance of the probability distribution.
Round your answer to 2 decimal places.
Transcribed Image Text:When marketing a new product, a company conducts a taste survey. A recent survey of 244 respondents revealed that 72.66% liked the bread. Determine the variance of the probability distribution. Round your answer to 2 decimal places.
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