Calculate or Use a Table to Find the Binomial Probability $P ( x \geq 20 )$

question 45

Essay

Calculate or use a table to find the binomial probability $P ( x \geq 20 )$ when $n = 25$ and $p = .5$ . Also use the normal approximation to calculate the probability.

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Definitions:

Customer-Based Brand Equity

The value a brand gains from having strong brand equity in the minds of customers, based on perceptions of brand quality, associations, and loyalty.

Customer-Brand Relationship

The dynamic and ongoing interaction between a consumer and a brand, characterized by loyalty, emotional connection, and consumer engagement.

Unaided Recall

A measure of consumer memory or awareness where respondents mention a brand without being prompted with clues or choices.

Brand Awareness

The extent to which consumers are familiar with the distinctive qualities or image of a particular brand.