39.6% of consumers believe that cash will be obsolete in the next 20 years. Assume that 8 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.)

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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39.6% of consumers believe that cash will be obsolete in the next 20 years. Assume that 8 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:39.6% of consumers believe that cash will be obsolete in the next 20 years. Assume that 8 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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