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 (Round to three decimal places as needed.). -
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 (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...
Related questions
Question
Solve it correctly please. I will rate accordingly with multiple votes. My last attempt. Please fast and correct.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON