In a town, the brand name of a certain chain of coffee shops has a 60% recognition rate. (In other words, a this town resident selected at random knows about the chain with a probability of 0.6.) An executive from the company wants to verify the recognition rate as the company is interested in opening a coffee shop in the town. He/she selects a random sample of 5 residents. a) Find the (approximate) value of the probability that exactly 3 out of the 5 Coffeeton residents recognize the brand name. O 1 0.247 3 / 5 0.3456