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.

Reference no: EM13141662

Questions Cloud

Cloning techniques and issues : Write argumentative essay to support your position on Cloning Techniques and Issues
Define important information about electrical networks : Important information about Electrical Networks, Engine consumes 5kw of power and a reactive power of 2kvar at current of (3+j2) Amps.
Liabilities resulting from the purchasing system : A client's purchasing system ends with the recording of a liability and its eventual payment. Which of the following best describes the auditor's primary concern with respect to liabilities resulting from the purchasing system?
Cost of long-term investment in bonds : Kern Company purchased bonds with a face amount of $400,000 between interest payment dates. Kern purchased the bonds at 102, paid brokerage costs of $6,000, and paid accrued interest for three months of $10,000. The amount to record as the cost of..
Find probability that three consumers recognize brand name : 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.
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?

Reviews

Write a Review

 

Basic Statistics Questions & Answers

  Compare relative dispersion for price-earnings ratio

The mean return on investment is 25 percent and the standard deviation 5.2 percent. Compare the relative dispersion for the price-earnings ratios and return on investment.

  Program are significantly different from rest of class

Can the college conclude that the students in the new program are significantly different from the rest of the freshman class? Use a two-tailed test with .05.

  Chi-square test-retirees from health care organizations

Finding and retaining good health care professionals requires an agressive recruitment effort. Since the demand for health care professionals is growing and the supply of these workers is not keeping pace, an untapped source of workers retired emp..

  Determining class with greatest number of data values

Determine the class with the greatest number of data values.

  Conducting test of hypothesis

Excess postexercise oxygen consumption (EPOC) describes the energy expended during the body's recovery period immediately following aerobic exercise.

  Binomial probability density function

Identify each variable in the formula for the binomial probability density function. Also, explain what the fraction: n! / (n-x)!x! calculates.

  What is the probability of the bearings failing

Four wheel bearings have been replaced on a company car. The mechanic has selected 4 bearings from a large supply bin. The mechanic is unaware that 10 percent of the bearings fail within the first 100 miles.

  Percentage of the values between two values

Use Chebyshev's theorem to find what percent of the values will fall between 120 and 150 for a data set with mean of 135 and standard deviation of 7.5.

  Testing hypothesis-mean

A machine is set to produce tennis balls so the mean bounce is 36 inches when the ball is dropped from a platform of a certain height. The supervisor suspects that the mean bounce has changed and is less than 36 inches.

  Chi-square by using independence

High levels of cockpit noise in an aircraft can damage the hearing of pilots who are exposed to this hazard for many hours

  Determining assignment of probabilities to six faces of die

If die is loaded so that 6 comes up with probability 0.2 and probabilities of 2,3,4, and 5 faces are not affected, determine the assignment of probabilities to the six faces?

  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?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd