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...
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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
0
(Round to three decimal places as needed.),
SLO
Transcribed Image Text: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 0 (Round to three decimal places as needed.), SLO
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