document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=947500>Question 947500</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A brand name has a 40% recognition rate. Assume the owner of the brand wants to verify that rate by beginning with a small sample of 4 randomly selected consumers. <BR>\n" );
document.write( "What is the probability that exactly 3 of the 4 consumers recognize the brand name is <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #578210 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=578210\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A brand name has a 40% recognition rate. Assume the owner of the brand wants to verify that rate by beginning with a small sample of 4 randomly selected consumers. <BR>\n" );
document.write( "What is the probability that exactly 3 of the 4 consumers recognize the brand name <BR>\n" );
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document.write( "Binomial Problem with n = 4 and p(recognize) = 0.4<BR>\n" );
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document.write( "P(x = 3) = 4C3*0.4^3*0.6 = binompdf(4,0.4,3) = 0.1536<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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