### Find probability that three consumers recognize brand name

Assignment Help Basic Statistics
##### Reference no: EM13141662

A brand name as a 60% 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 3 of the 5 consumers recognize the brand name. Also find the probability that the number who recognize it is not 3.

### Previous Q& A

#### Regarding in-text citations where no introduction is used

If you're using a pattern of development to explore the issues surrounding a topic, what pattern of development would you be using?

#### Overstate current period net income

Which of the following would not overstate current period net income?

#### What volume of a 0.150 m koh solution would have to be added

An acid solution is 0.100 M in HCl and 0.190 M in H2SO4.What volume of a 0.150 M KOH solution would have to be added to 550.0 mL of the acidic solution to neutralize completely all of the acid?

#### Earnings per share of stoneland corporation

For 2010, Stoneland Corporation reported net income, \$24,000; net sales, \$400,000; and average shares outstanding, 6,000. There were no preferred stock dividends. What was the 2010 earnings per share?

#### Create confidence interval for proportion of all depositors

Construct a 90 percent confidence interval for the proportion of all depositors who ask for cash back. (Round your answers to 4 decimal places.)

#### Explain power factor correction

Power factor correction, Three parallel impedances in rectangular form as follows

#### What are some marketing objectives for a music festival?

What are some marketing objectives for a music festival?

#### Amortization expense for the patent

Waves Company purchased a patent for \$170,000 at the beginning of 2011, and estimated that its expected useful life was 10 years. The patent has a legal life of 17 years. What amount should be recorded as amortization expense for the patent in 201..

#### What will happen if the volume of the container is reduced

A reaction vessel contains these compounds at equilibrium. What will happen if the volume of the container is reduced by 50% at constant temperature?

#### Net income and free cash flow

In order to sustain operations and generate sales and cash flow, the firm required to make \$1250 of capital expenditures on new fixed assets and to invest \$300 in net operating working capital. By how much did the firm's net income exceed its free..

### Similar Q& A

#### Effective hypothesis testing during experiments

Trying to use mathematical models to design effective hypothesis testing during experiments. In hypothesis analysis the null hypothesis and significance level of the test must be set prior to data collection.

#### Limit for the population proportion of voters

A random sample of 100 voters found that 44% were goint to vote for a certain candidate. Find the 99% limit for the population proportion of voters who will vote for that candidate.

#### Create confidence interval of true proportion of boys

It was found that in a sample of 215 teenage boys, 59% of them have received speeding tickets. What is the 95% confidence interval of the true proportion of teenage boys who have received speeding tickets?

#### Model for multiple linear regression

Fit a multiple linear regression model for predicting the hospital duration using age, sex, body temperature, white blood cell counts, antibiotic use, blood culture and service

#### Create the 5-step hypothesis test for particular claim

Develop the 5-Step Hypothesis Test for a particular claim related to your work or life environment. (This should be a test of one-sample mean or one-sample proportion.

#### Sample size for estimating the population mean

How large a sample should be taken if the desired margin of error E is:

#### Comparing percentages with different sample sizes

A new group comes along and that only has 5 people. Their weights are also measured initially and after 9 weeks. What would be the most accurate methodology for determining the percentage of weight loss for this new group?

#### Determining estimated sales if contacts are made

Determine out the regression equation. Determine the estimated sales if 40 contacts are made.

#### Hypothesis testing-proportion of survey response

A total of 61,647 people responded to an Elle/ MSNBC.com survey. It was reported that 50% of the respondents were women and 50% men.

#### Histogram and frequency distribution

A medical research team studied the ages of 34 patients who had strokes caused by stress. The frequency distribution below summarizes the results. When trying to understand the stroke data, what would be the advantage of looking at a histogram ins..

#### Students applied for merit scholarships

Seven students have applied for merit scholarships. This year 3 merit scholarships were awarded. If a random sample of 3 aplications (from the population of 7) is selected,

#### Normal distribution-standard deviation

Assume that the measurements came from a normal distribution. The variability of the manufacturing process is unknown means the same as the standard deviation is unknown.