Suppose 40% of the TV Sets in Use in the U.S

question 72

Short Answer

Suppose 40% of the TV sets in use in the U.S. on a particular night were tuned in to game 7 of the World Series.
If we were to take a sample of six in-use TV sets that night, what is the probability exactly three are tuned to the World Series?
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If, instead, the sample consisted of 15 in-use TVs, what is the probability five or more are tuned to the World Series?
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Definitions:

B2C Model

Business-to-Consumer model, a commercial transaction model where businesses sell products or services directly to the end-users or consumers.

Buy-Side Marketplace

A digital or physical marketplace that focuses on buyers, allowing them to search, compare, and purchase goods or services.

Procure

The action of obtaining or acquiring goods, services, or works from an external source, often through a bidding or tender process.

Amazon Effect

The impact of the digital marketplace on the traditional retail sector, where increased online shopping has changed consumer expectations and business models.