Math Problem Statement

Seventy-five percent of consumers prefer to purchase electronics online. You randomly select 88 consumers. Find the probability that the number of consumers who prefer to purchase electronics online is​ (a) exactly​ five, (b) more than​ five, and​ (c) at most five.

Solution

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Math Problem Analysis

Mathematical Concepts

Probability
Binomial Distribution

Formulas

Binomial probability formula: P(X = k) = (n choose k) * p^k * (1-p)^(n-k)

Theorems

Binomial Theorem
Normal Approximation to Binomial Distribution (for large n)

Suitable Grade Level

College/Advanced High School