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The brand name of a certain chain of coffee shops has a 60% recognition rate in the town of Coffeeton. (In otherwords, a person selected

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The brand name of a certain chain of coffee shops has a 60% recognition rate in the town of Coffeeton. (In otherwords, a person 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. Hefshe selects a random sample of 5 lCoffeeton residents. a) Find the (approximate) value of the probability that exactly 3 out of the 5 lCoffeeton residents recognize the brand name. Q 0.3456

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