397 of consumers believe that cash will be obsolete in the.pdf

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39.7% of consumers believe cash will be obsolete in the next 20 years. The probability that fewer than 3 out of 8 randomly selected consumers believe this is being asked for. The probability is calculated based on the given percentage and number of consumers selected.

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39.7% of consumers believe that cash will be obsolete in the next 20 years. Assume that 8
consumers are randomly selected. Find the probability that fewer than 3 of the selected
consumers believe that cash will be obsolete in the next 20 years.
Question content area bottom Part 1 The probability is ______ enter your response here. (Round
to three decimal places as needed.)

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