(Answered) Coca-cola is one of the worlds leading recognized brands of

Statistics

Coca-Cola is one of the world's leading recognized brands of soft drinks. A market researcher did a study and found that Coca-Cola has a brand recognition rate of 95%. We randomly select 5 people. Please use the binomial calculator described in the synopsis of the binomial distribution to answer the following questions:

1. What are the values for n, p, and q?

2. What is the probability that exactly 3 of the 5 people recognize the Coca-Cola brand name?

3. What is the probability that the number of people, who recognize the Coca-Cola brand are 3 or fewer?

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