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Cashless Society. 40% of consumers believe that cash will be obsolete in the next 20 years (based on a survey by J.P. Morgan Chase). In

Cashless Society. 40% of consumers believe that cash will be obsolete in the next 20 years (based on a survey by J.P. Morgan Chase). In each of Exercises 15-20, assume that 8 consumers are randomly selected. Find the indicated probability.

  1. Find the probability that fewer than 3 of the selected consumers believe that cash will be
    obsolete in the next 20 years.
  2. Find the probability that no more than 3 of the selected consumers believe that cash will
    be obsolete in the next 20 years.

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