me A business owner wants to know if t will be profitable to open a new coffee s
ID: 3061599 • Letter: M
Question
me A business owner wants to know if t will be profitable to open a new coffee shop in a nearby town. In towns where the shop has been successful, the shop's name 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 probablity is (round your answer to 6deomal places). Tests ok r Content for Succes media Libra rse Tools tCrunch Interpret this answer. If the business owner hopes the shop will be successful, which of the following is true? OA He wants this answer to be as big as possible. If it is big, it moans it is less likely no one recognizes the name of the shop, so the shop has a better chance of 92 being successful. O B. He wants this answer to be as big as possible. If t s big, t means it is less likely no one recognizes the name of the shop, so the shop has a botor chance o O C. He wants this answer to be as small as possible. If it is small,i means it is less likely no being successful. 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 small as possible I it s small, t means it is more ikely no one rcognizes the name of the shop, so the shop has a bettor chance of being successful Click to select your answer(s)Explanation / Answer
probability that none of 12 heard of coffee shop =(1-0.56)12 =0.000053
option C is correct.
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