Discuss the below:
Population of consumers where 30% of them favored a new product and 70% of them disliked it. If 20 persons are sampled, what are the probabilities of finding: Binomial: 8 or fewer consumers who favor the product. Precisely 10 consumers who favor the product. Fewer than 6 consumers who favor the product. More than 7 consumers who favor the product Greater than or equal to 5 but less than or equal to 12 consumers who favor the product.