Math Problem Statement

Forty percent of consumers prefer to purchase electronics online. You randomly select 8 consumers. Find the probability that the number of consumers who prefer to purchase electronics online is​ (a) exactly​ five, (b) more than​ five, and​ (c) at most five. Question content area bottom Part 1 ​(a) Find the probability that the number that prefer to purchase electronics online is exactly five. ​P(5)equals

enter your response here ​(Round to three decimal places as​ needed.)

Solution

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Math Problem Analysis

Mathematical Concepts

Probability
Binomial Distribution

Formulas

P(X = k) = (n choose k) * p^k * (1-p)^(n-k)

Theorems

Binomial Theorem

Suitable Grade Level

Grades 10-12