Question
Historical data indicates that only 20% of cable customers are willing to switch companies. If a binomial process is assumed, then in a sample of
Historical data indicates that only 20% of cable customers are willing to switch companies. If a binomial process is assumed, then in a sample of 20 cable customers, what is the probability that exactly 2 customers would be willing to switch their cable?
A) 0.1
B) 0.04
C) 0.137
D) 0.206
E) 0.794
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Quantitative Methods For Business
Authors: Donald Waters
5th Edition
273739476, 978-0273739470
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