The ABC company's brand has a market share of 30%. Suppose that in a survey, 800 consumers of the product are asked which brand they prefer. What is the probability that more than 32% of the respondents say they prefer ABC's brand?

0.68

Step-by-step explanation:

given data:

ABC market share = 30%

number of customers surveyed = 800

probability that more than 32% prefers ABC

Solution:

32% of 800

= 256 persons

p ( x ≥ 256 )

= 1 - ( 256/800 )

= 1 - 0.32

= 0.68

the probabiliy that more than 32% of those who carried out the survey would prefer ABC brand is 0.68.

f(x) is the value of the function. b is the value of the function when x equals zero or the y-coordinate of the point where the line crosses the y-axis in the coordinate plane.

step-by-step explanation:

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