Question regarding the recognition rate


A brand name has an 80% 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 4 out of the 5 consumers recognize the brand name. Also find the probability that the number who recognize the brand name is not 4.

The probability that exactly 4 of the 5 consumers recognize the brand name is ___.

(Round to three decimal places)

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Question regarding the recognition rate
Reference No:- TGS0842241

Expected delivery within 24 Hours