SOLUTION: A marketing manager makes the statement that the long run probability that a customer would prefer Samsung model to Nokia model of a product is 30%.
(a) What is the probability t
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Question 1166056: A marketing manager makes the statement that the long run probability that a customer would prefer Samsung model to Nokia model of a product is 30%.
(a) What is the probability that exactly three in a random sample of 10 customers will prefer the
Samsung model?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
This would be 10C3 *0.3^3*0.7^7
=120*0.027*0.08235=0.2688
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