39.8% of consumers believe that cash will be obsolete in the next 20 years. Assume that 9 consumers are randomly selected. Find the probability that exactly 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. Use Binomial Distribution

39.8% of consumers believe that cash will be obsolete in the next 20 years. Assume that 9 consumers are randomly selected. Find the probability that exactly 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. Use Binomial Distribution

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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Question

39.8% of consumers believe that cash will be obsolete in the next 20 years. Assume that 9 consumers are randomly selected.

Find the probability that exactly 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.

Use Binomial Distribution

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