* Question Completion Status: Reference: Question 2 in Case Assignment #2 instructions. The Research Director for ICS is

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Question Completion Status Reference Question 2 In Case Assignment 2 Instructions The Research Director For Ics Is 1 (153.46 KiB) Viewed 13 times

* Question Completion Status: Reference: Question 2 in Case Assignment #2 instructions. The Research Director for ICS is planning to conduct a survey among prospective clients, to determine how many premium cable channels need to be added to the Trident bundle in order to generate a new subscription to the service. Based on past campaigns and industry-wide data, ICS estimates the following probabilities of generating a new subscription for the given range of free premium channels: Number of Free Premium Channels 0 1 2 3 4 5 Probability of Subscription 0.01 0.03 0.05 0.06 0.08 0.09 If 2 free premium channels are included in the Trident product bundle, and a random sample of 60 prospective customers is selected, what is the probability of the following: (a) Exactly 5 customers will subscribe to the Trident product bundle? (b) Fewer than 5 customers will subscribe to the Trident product bundle? (c) Exactly 4 or 5 customers will subscribe to the Trident product bundle? (d) 5 or more customers will subscribe to the Trident product bundle? Please provide all solutions as values between 0 and 1. rounded to 5 decimal places. 4