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    Binomial distribution probabilities

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    Population of consumers where 30% of them favored a new product and 70% of them disliked it. If 20 persons are sampled, what are the probabilities of finding: Binomial: 8 or fewer consumers who favor the product. Precisely 10 consumers who favor the product. Fewer than 6 consumers who favor the product. More than 7 consumers who favor the product Greater than or equal to 5 but less than or equal to 12 consumers who favor the product.

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    Solution Summary

    This problem shows how to find probabilities related to a binomial distribuiton.