MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A brand name has a 60% recognition rate. If the owner of the brand wants to verify that rate by beginning with a small sample of 5 randomly
selected consumers, find the probability that exactly 3 of the 5 consumers recognize the brand name. Also find the probability that the number
who recognize the brand name is not 3.
...
The probability that exactly 3 of the 5 consumers recognize the brand name is
(Round to three decimal places as needed.)
The probability that the number who recognize the brand name is not 3 is
(Round to three decimal places as needed.)
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Transcribed Image Text:A brand name has a 60% recognition rate. If the owner of the brand wants to verify that rate by beginning with a small sample of 5 randomly selected consumers, find the probability that exactly 3 of the 5 consumers recognize the brand name. Also find the probability that the number who recognize the brand name is not 3. ... The probability that exactly 3 of the 5 consumers recognize the brand name is (Round to three decimal places as needed.) The probability that the number who recognize the brand name is not 3 is (Round to three decimal places as needed.)
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