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40.4% of consumers believe that cash will be obsolete in the next 20 years. Assume that 7 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.)

40.4% of consumers believe that cash will be obsolete in the next 20 years. Assume that 7 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.)

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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40.4% of consumers believe that cash will be obsolete in the next 20 years. Assume that 7 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:40.4% of consumers believe that cash will be obsolete in the next 20 years. Assume that 7 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.) …….
Assume that when human resource managers are randomly selected, 52% say job applicants should follow up within two weeks. If 5 human resource managers are randomly selected, find the probability that at least 2 of them say job applicants should follow up within two weeks. The probability is (Round to four decimal places as needed.)
Transcribed Image Text:Assume that when human resource managers are randomly selected, 52% say job applicants should follow up within two weeks. If 5 human resource managers are randomly selected, find the probability that at least 2 of them say job applicants should follow up within two weeks. The probability is (Round to four decimal places as needed.)
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