(See Steps) Population of consumers where 30% of them favored a new product and 70% of them disliked it. If 20 persons are sampled, what are the probabilities
Question:
Population of consumers where 30% of them favored a new product and 70% of them disliked it. If 20 persons are sampled, what are the probabilities of finding:
Binomial:
- 8 or fewer consumers who favor the product.
- Precisely 10 consumers who favor the product.
- Fewer than 6 consumers who favor the product.
- More than 7 consumers who favor the product
- Greater than or equal to 5 but less than or equal to 12 consumers who favor the product.
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