### Probability Problem: Consumer Behavior in Purchasing Electronics#### Problem Statement:Thirty percent of consumers prefer to purchase electronics online. You randomly select 8 consumers. Find the probability that the number of consumers who prefer to purchase electronics online is (a) exactly five, (b) more than five, and (c) at most five.(a) Find the probability that the number that prefer to purchase electronics online is exactly five.#### Solution:\[ P(5) = \]**(Round to three decimal places as needed)**#### Instructions:- Enter your answer in the answer box and then click "Check Answer".Below the problem statement, there are input fields and buttons for users to enter their answers and check them.##### Notes:- The problem utilizes the binomial probability formula to determine the likelihood of a specific number of successes (in this case, consumers preferring online purchases).- Ensure that all answers are rounded to three decimal places for accuracy. ##### User Interface Elements:- An answer input box for the user to enter their solution.- A section indicating "2 parts remaining" implying that two more parts of the question need to be answered after this one.- A "Clear All" button for users to reset their answers.- A "Check Answer" button for users to submit their response and get immediate feedback. This problem is commonly found in statistics and probability courses, particularly in sections dealing with binomial distributions.

It is given that sample size n =8 and probability of consumer prefer to purchase electronics online…

Thirty percent of consumers prefer to purchase electronics online. You randomly select 8 consumers. Find the probability that the number of consumers who prefer purchase electronics online is (a) exactly five, (b) more than five, and (c) at most five. (a) Find the probability that the number that prefer to purchase electronics online is exactly five. P(5) =] (Round to three decimal places as needed.)

Thirty percent of consumers prefer to purchase electronics online. You randomly select 8 consumers. Find the probability that the number of consumers who prefer purchase electronics online is (a) exactly five, (b) more than five, and (c) at most five. (a) Find the probability that the number that prefer to purchase electronics online is exactly five. P(5) =] (Round to three decimal places as needed.)

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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Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

### Probability Problem: Consumer Behavior in Purchasing Electronics

#### Problem Statement:
Thirty percent of consumers prefer to purchase electronics online. You randomly select 8 consumers. Find the probability that the number of consumers who prefer to purchase electronics online is (a) exactly five, (b) more than five, and (c) at most five.

(a) Find the probability that the number that prefer to purchase electronics online is exactly five.

#### Solution:
\[ P(5) = \]

**(Round to three decimal places as needed)**

#### Instructions:
- Enter your answer in the answer box and then click "Check Answer".

Below the problem statement, there are input fields and buttons for users to enter their answers and check them.

##### Notes:
- The problem utilizes the binomial probability formula to determine the likelihood of a specific number of successes (in this case, consumers preferring online purchases).
- Ensure that all answers are rounded to three decimal places for accuracy.

##### User Interface Elements:
- An answer input box for the user to enter their solution.
- A section indicating "2 parts remaining" implying that two more parts of the question need to be answered after this one.
- A "Clear All" button for users to reset their answers.
- A "Check Answer" button for users to submit their response and get immediate feedback.

This problem is commonly found in statistics and probability courses, particularly in sections dealing with binomial distributions.

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Sixty percent of consumers prefer to purchase electronics online. You randomly select 8 consumers. Find the probability that the number of consumers who prefer to purchase electronics online is (a) exactly five, (b) more than five, and (c) at most five. (a) Find the probability that the number that prefer to purchase electronics online is exactly five. P(5) =D (Round to three decimal places as needed.)