A brand name has a 60% 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 3 of...


A brand name has a 60% recognition rate. If the owner of the brand wants to verify that rate by beginning with a small sample of 5 randomly<br>selected consumers, find the probability that exactly 3 of the 5 consumers recognize the brand name. Also find the probability that the number<br>who recognize the brand name is not 3.<br>...<br>The probability that exactly 3 of the 5 consumers recognize the brand name is<br>(Round to three decimal places as needed.)<br>The probability that the number who recognize the brand name is not 3 is<br>(Round to three decimal places as needed.)<br>

Extracted text: A brand name has a 60% 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 3 of the 5 consumers recognize the brand name. Also find the probability that the number who recognize the brand name is not 3. ... The probability that exactly 3 of the 5 consumers recognize the brand name is (Round to three decimal places as needed.) The probability that the number who recognize the brand name is not 3 is (Round to three decimal places as needed.)

Jun 09, 2022
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