Question
An increasing number of consumers believe they have to look out for themselves in the marketplace. According to a survey conducted by the Yankelovich Partners
An increasing number of consumers believe they have to look out for themselves in the marketplace. According to a survey conducted by the Yankelovich Partners for USA WEEKEND magazine, 60% of all consumers have called an information line for a product. Suppose a random sample of 25 consumers is contacted and interviewed about their buying habits.
a. | What is the probability that 15 or more of these consumers have called an information line for a product?
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b. | What is the probability that more than 20 of these consumers have called an information line for a product?
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c. | What is the probability that fewer than 10 of these consumers have called an information line for a product? |
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