Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: According to Mars, Incorporated, 20% of its plain M&M'S candies are orange. Assume that the company's claim is true. Suppose that you reach into a large bag of plain M&M'S (without looking) and pull out 8 candies. Let X = the number of orange candies you get.
Orange M&M'S

(a) Explain why it is reasonable to use the binomial distribution for probability calculations involving X.

(b) Find and interpret the expected value of X.

(c) Find and interpret the standard deviation of X.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92572825

Have any Question?


Related Questions in Statistics and Probability

50 of the cars in a dealer lot are red 20 are black and 16

50% of the cars in a dealer lot are red, 20% are black, and 16% are white. The remainder are some other unspecified color. Salespersons randomly shows three cars to three different customers. What is the probability the ...

A political candidate wishes to determine if endorsing

A political candidate wishes to determine if endorsing increased social spending is likely to affect her standing in the polls. She has access to data on the popularity of several other candidates who have endorsed incre ...

The speed of cars on a stretch of road is normally

The speed of cars on a stretch of road is normally distributed with an average 42 miles per hour with a standard deviation of 5.9 miles per hour. What is the probability that a randomly selected car is violating the spee ...

Could you please explain this question for me pretty

Could you please explain this question for me? Pretty struggle with it right now.    "The biggest four banks in Australia are too big to fail. With reference to financial system stability, critique this statement."

A researcher wants to determine if there is an association

A researcher wants to determine if there is an association between religious affiliation (e.g., Christian, Muslim, Jewish. Buddhist, Unaffiliated, etc.) and ethnicity (African American, Asian, American Indian, Whte, Othe ...

Letnbspnmnbspv denote the normal random variable with

Let  N ( m ,  v ) denote the normal random variable with mean  m  and  variance   v . (a) If  X  is a  Standard Normal  variable, what is the distribution of the random variable 4 X  - 1? (b) If  X  ~  N (3,1) and  Y  ~  ...

Thinking specifically about disney theme parks how does

Thinking specifically about Disney theme parks, how does Disney connect with the target market? What are some of the challenges associated with Disney theme parks? Use examples.

In a survey of 100 people 40 were casual drinkers

In a survey of 100 people, 40 were casual drinkers (event  D ), and 60 did not drink (event  D '  ). Of the ones who drank, 6 had minor headaches. Of the non-drinkers, 9 had minor headaches. Let  D  represent set of surv ...

Assume the random variable x is normally distributed with a

Assume the random variable x is normally distributed with a mean u=80 and a standard deviation o=4. Find the indicated probability. P(69 P(69 Round to four decimals places as needed.

Calculate the standard deviation of a portfolio consisting

Calculate the standard deviation of a portfolio consisting of  40 percent stock X and 60 percent stock Y. Company Beta Expected Return Variance Covariance X 1.8 0.18 0.30 COVx,y=0.080 Y 2.6 0.22 0.04 Round to the nearest ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As