Math 1530 Spring 2017 T&TH; (12:15-1:13) S11 Homework: Homework 5 Chapter 5 (for
ID: 3172434 • Letter: M
Question
Math 1530 Spring 2017 T&TH; (12:15-1:13) S11 Homework: Homework 5 Chapter 5 (for Test 2) Score: 0 of 1 pt HW Score: 58.91%, 17.08 of 29 pts 21 of 29 (19 complete) nstructor-created question Abusiness owner wants know if will be profitable to open a new coffee shop in a nearby town In towns where the shop has been successful, the shop'sname is recognizable to people 56% of the time. He surveys a random sample of 12 residents of the town Find the probability that among these 12 surveyed residents, none of them have ever heard of the coffee shop The probability is (round your answer to 6 decimal places) Interpret this answer lfthe business owner hopes the shop wil be successful, which of the following is true? O A. He wants this answer to be as big as possible Ifitis big it means itis less likely no one recognizes the name of the shop, so the shop has a better chance of being successful O B. He wants this answer to be as small as possible litis small, it means it is more likely no one recognizes the name of the shop, so the shop has a better chance of being successful O C. He wants this answer to be as small as possible. llitis small, it means it isless lately no one recognizes the name of the shop, so the shop has a better chance of being successful O D. He wants this answer to be as big as possible. llitis big, tmears it is less likely no one recognizes the name of the shop, so the shop has a better dance of being successful Click to select your answerts) and then chck Check Answer All parts showingExplanation / Answer
Probability that none of the 12 knows = 12C0(0.56)^0(0.44)^12 = 0.000053
and correct option to chose is C, since if no one knows there is less likely that the shop will be successfull