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A marketing manager makes the statement that the long-run probability that a customer would prefer the deluxe model to the standard model is 30 percent.
- A marketing manager makes the statement that the long-run probability that a customer would prefer the deluxe model to the standard model is 30 percent.
What is the probability that exactly 3 in a random sample of 10 customers will
prefer the deluxe model?
What is the probability that more than 6 in a random sample of 15 customers
will prefer the standard model?
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