Hi, please show your work so I can understand. Also please write nicely so I can read. I will give positive feedback! Also, pleasure ensure calculation are done to the 4th decimal place. Thank you for your help!

Shania works for a corn pany, Emerging Technologies Inc, and she has been asked to provide some insight as to how to test the market, and the probabilities of success for their new product. The product BipBox, will retail for $50 per unit. Shania thinks 1 in 2 people will like the new product and plans on testing this. with 20 people as a trial.