Find probability that three consumers recognize brand name

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.

Reference no: EM13141662

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