A brand name has an 80% 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 brand name. Use the binomial probability formula to find the probability. The probability that exactly 8 of the 10 consumers recognize the brand name is. (Round to three decimal places as needed.) D

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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A brand name has an 80% 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 8 of the 10 consumers recognize the
brand name.
Use the binomial probability formula to find the probability.
The probability that exactly 8 of the 10 consumers recognize the brand name is
(Round to three decimal places as needed.)
Transcribed Image Text:A brand name has an 80% 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 8 of the 10 consumers recognize the brand name. Use the binomial probability formula to find the probability. The probability that exactly 8 of the 10 consumers recognize the brand name is (Round to three decimal places as needed.)
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