SOLUTION: The brand name of a certain chain of coffee shops has a 52​% recognition rate in the town of Coffleton. An executive from the company wants to verify the recognition rate as
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Question 1120683: The brand name of a certain chain of coffee shops has a 52% recognition rate in the town of Coffleton. An executive from the company wants to verify the recognition rate as the company is interested in opening a coffee shop in the town. He selects a random sample of 8 Coffleton residents. Find the probability that the number that recognize the brand name is not 4. Round to three decimal places.
Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!
Using binomial probability, the probability that exactly 4 of the 8 recognize the brand name is
to 3 decimal places.
The probability that the number that recognize the brand name is NOT 4 is 1-0.272 = 0.728.
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