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[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

  1. 8 or fewer consumers favored the product
  2. 10 consumers favored the product
  3. less than 6 favored the product
  4. more than 7 favored the product
  5. greater than or equal to 5 but less than or equal to 12 favored the product.

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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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