Answer:
Given:
Probability of success $(p)=0.6$
Sample size $(n) = 5 $
Solution:
The probability that at most 2 of the 5 students selected will prefer brand C:
$$P(x \leq 2) = \sum_{0}^{2} \binom{n}{x} \cdot p^x \cdot (1 – p)^{n – x} $$ $$= \sum_{0}^{2} \binom{5}{x} \cdot 0.6^x \cdot (1 – 0.6)^{5 – x} $$ $$= 0.3174$$
Final Answer:
The probability that at most 2 of the 5 students selected will prefer brand C $=0.3174$