Question
In: Statistics and Probability
A large fast-food restaurant is having a promotional game where game pieces can be found on...
A large fast-food restaurant is having a promotional game where game pieces can be found on various products. Customers can win food or cash prizes. According to the company, the probability of winning a prize (large or small) with any eligible purchase is 0.131. Consider your next 32 purchases that produce a game piece. Calculate the following: This is a binomial distribution. Round your answers to at least 4 decimal places.
a) What is the probability that you win 5 prizes? 0.175 Incorrect
b) What is the probability that you win more than 6 prizes? 0.00177 Incorrect
c) What is the probability that you win between 2 and 5 (inclusive) prizes?
d) What is the probability that you win 3 prizes or fewer?
Solutions
orchestra answered 2 years agoRelated Solutions
A large fast-food restaurant is having a promotional game where game pieces can be found on...
A large fast-food restaurant is having a promotional game where
game pieces can be found on various products. Customers can win
food or cash prizes. According to the company, the probability of
winning a prize (large or small) with any eligible purchase is
0.192.
Consider your next 34 purchases that produce a game piece.
Calculate the following:
This is a binomial distribution. Round your answers to 4
decimal places.
a) What is the probability that you win 7 prizes?
b)...
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Identify the population, the parameter, the sample, and the
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Suppose the advertisements are correct and p = 0.25.
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A fast-food restaurant determines the cost and revenue models for its hamburgers. A fast-food restaurant determines...
A fast-food restaurant determines the cost and revenue models
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A
fast-food restaurant determines the cost and revenue models for its
hamburgers.
C
=
0.8x + 7100, 0 ≤
x ≤ 50,000
R
=
1
10,000
(66,000x −
x2), 0 ≤
x ≤ 50,000
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P =
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decreasing
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