It is known that 70% of the customers in a sporting goods store purchase a pair of running shoes. A random sample of 25 customers is selected. Assume that the customers’ purchases are made independently. In this binomial distribution application, which Excel statement will find the probability of 5 or fewer customers purchasing a pair of running shoes?
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=BINOMDIST(5,25,70%,FALSE) |
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=BINOMDIST(5, 25, 70%,TRUE) |
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=1-BINOMDIST(5,25,70%,FALSE) |
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=1- BINOMDIST(5, 25, 70%,TRUE) |
