SOLUTION: An increasing number of consumers believe they have to look out for themselves in the marketplace. According to a survey conducted by the Yankelovich Partners for USA WEEKEND magaz
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Question 1198512: An increasing number of consumers believe they have to look out for themselves in the marketplace. According to a survey conducted by the Yankelovich Partners for USA WEEKEND magazine, 60% of all consumers have called an 800 or 900 telephone number for information about some product. Suppose a random sample of 20 consumers is contacted and interviewed about their buying habits.
a. What is the probability that 15 or more of these consumers have called an 800 or 900 telephone number for information about some product?
b. What is the probability that more than 20 of these consumers have called an 800 or 900 telephone number for information about some product?
c. What is the probability that fewer than 10 of these consumers have called an 800 or 900 telephone number for information about some product?
Answer by ikleyn(52798) (Show Source): You can put this solution on YOUR website!
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An increasing number of consumers believe they have to look out for themselves in the marketplace.
According to a survey conducted by the Yankelovich Partners for USA WEEKEND magazine,
60% of all consumers have called an 800 or 900 telephone number for information about some product.
Suppose a random sample of 20 consumers is contacted and interviewed about their buying habits.
a. What is the probability that 15 or more of these consumers have called an 800 or 900 telephone number
for information about some product?
b. What is the probability that more than 20 of these consumers have called an 800 or 900 telephone number
for information about some product?
c. What is the probability that fewer than 10 of these consumers have called an 800 or 900 telephone number
for information about some product?
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Typical binomial distribution problems, packed three in one post.
Use free of charge online calculator https://stattrek.com/online-calculator/binomial.aspx
similar to that I used it in my previous post.
It provides nice instructions and a convenient input and output for all relevant options/cases.
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