SOLUTION: A brand name has a 40% 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 probabili
Algebra ->
Probability-and-statistics
-> SOLUTION: A brand name has a 40% 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 probabili
Log On
Question 805521: A brand name has a 40% 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 2 of the 5 consumers recognize the brand name. Also
find the probability that the number who recognize the brand name is not 2.
Round to three decimal places as needed. Answer by edjones(8007) (Show Source):
You can put this solution on YOUR website! a=.4, b=.6
5C2=10
10a^2b^3 (term of binomial distribution for exactly 2 recognize the brand.)
=0.346
.
1-0.346=0.654 the probability that the number who recognize the brand name is not two.
.
Ed
