The probability of five Americans owning a cat as a pet is approximately 0.0014, or about 0.14%.
Assuming that owning a cat is an independent event for each American, the probability of five Americans owning a cat can be calculated using the binomial probability formula. Here's how:
p: Probability of one American owning a cat = 27% = 0.27
n: Number of Americans = 5
Apply the binomial probability formula:
P(k successes in n trials) = (n choose k) * p^k * (1-p)^(n-k)
where:
k is the number of successes (Americans owning a cat) in this case, k = 5
(n choose k) is the binomial coefficient, which represents the number of ways to choose k successes from n trials. It can be calculated as n! / (k! * (n-k)!)
P(5 Americans owning a cat) = (5 choose 5) * 0.27^5 * (1-0.27)^(5-5)
= 1 * 0.27^5 * 0.73^0
≈ 0.001364
Rounding to four decimal places, the probability is approximately 0.0014.