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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.)

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.)

MATLAB: An Introduction with Applications
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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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.)
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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