(Solved) One of your employees has suggested that your company develop a new product. A survey is designed to study whether or not there is interest in
Question: One of your employees has suggested that your company develop a new
product. A survey is designed to study whether or not there is interest in the new product. The response is on a 1 to 5 scale with 1 indicating definitely would not purchase, ... , and 5 indicating definitely would purchase. For an initial analysis, you will record the responses 1, 2, and 3 as No, and 4 and 5 as Yes.
- 5 people are surveyed. What is the probability that at least 3 of them answered Yes?
- 100 people are surveyed. What is the approximate probability that between 45% to
52% of people answered Yes?
Deliverable: Word Document 
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