40 of consumers believe that cash will be obsolete in the next 20 years assume that 6 consumers

Name: 40 of consumers believe that cash will be obsolete in the next 20 years assume that 6 consumers are randomly selected find the probability that fewer than 3 of the selected consumers believe that ca 4
Uploaded: 2023-05-02T10:33:27-08:00
Duration: 1 min 44 s
Channel: Qudsiya Anis
Description: 40 of consumers believe that cash will be obsolete in the next 20 years assume that 6 consumers are randomly selected find the probability that fewer than 3 of the selected consumers believe that ca 4

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Qudsiya Anis · Accepted Answer

First, we need to find the probability of each possible outcome (0, 1, or 2 consumers believing

Question

40​% of consumers believe that cash will be obsolete in the next 20 years. Assume that 6 consumers are randomly selected. Find the probability that fewer than 3 of the selected consumers believe that cash will be obsolete in the next 20 years.

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40% of consumers believe that cash will be obsolete in the next 20 years. Assume that 6 consumers are randomly selected. Find the probability that fewer than 3 of the selected consumers believe that cash will be obsolete in the next 20 years.