A brand name has aa 60% recognition rate. Assume the owner of the brand wants to...
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
6
randomly selected consumers. Complete parts (a) through (d) below.
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
Homework Answers
b) P(All of the selected customers will recognize the brand name)
= (0.60)6
= 0.0467
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A brand name has
aa
60%
recognition rate. Assume the owner of the brand wants to...
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