HW Score: 65 48%, 13 75 of Question Help recognizable to 13 of 21 (16 complete)
ID: 3369115 • Letter: H
Question
HW Score: 65 48%, 13 75 of Question Help recognizable to 13 of 21 (16 complete) re: 0 of 1 pt tructor-created question business owner wants to know if it 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 cole 54% ofthe time Hesurveys a random sample of 10 residents of the town. ind the probuablity hat among these 10 surveyed residents, none of them have ever heard of the coffe shop The probablity lsround your answer to 6 decimal places) Interpret tis anower. If the business owner hopes the shop wll be successta, which of the follwing s true? O A. He wants this answer to be as big as possible If t is big, OB. He wants this answer to be as small as possible. If t is small, t means it is more likely no one recognizes t means it ts more lkely no one recognizes the name of the shop, so the shop has a beter chance of being successh the name of the shop, so the shop has a better chance of being successtul so the shop has a better chance of being successtul ??. ?? wants this answer to be as big as possble "tisbig, means s less ikely no one recogrizes the name of the shop. S? O D. He wants this answer to be as smal as possible. it s smal, t means i ts less Skely no o one recognizes the name of the shop, so the shop has a better chance of being successtu Click to select your answerls) and then click Check Answer All parts showing OKExplanation / Answer
Given P = 0.54, q = 0.46 and n = 10
The probability that among these 10 surveyed residuents, none of them have ever heard of the coffee shop is
0.46^10 = 0.000424207 = 0.000424
Interpretation:
Correct answer: Option (B)
since the above probability is very less
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