A brand name has aa 60% recognition rate. Assume the owner of the brand wants to
ID: 3179275 • Letter: A
Question
A brand name has aa 60% recognition rate. Assume the owner of the brand wants to verify that rate by beginning with a small sample of 77 randomly selected consumers. Complete parts (a) through (d) below.
A. ) What is the probability that exactly 6 of the selected consumers recognize the brand name? The probability that exactly 6 of the 7 consumers recognize the brand name is = .131
B.) What is the probability that all of the selected consumers recognize the brand name?
The probability that all of the selected consumers recognize the brand name is__________
Please answer B and explain how you got the answer.
Explanation / Answer
P(a customer recognizing the brand name) = 0.6
A) P(6 customers recognize the brand name) = 7C6x0.66x0.4 = 0.131
B) P(all cusomers recognize the brand name = 0.67 = 0.028
[Probability of an event with individual probability,p repeating n times = pn]
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