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Solved: Exercises R6.5 and R6.6 refer to the following setting. According to Mars
Chapter 6, Problem R6.5(choose chapter or problem)
Exercises R6.5 and R6.6 refer to the following setting. According to Mars, Incorporated, 20% of its plain M&MS candies are orange. Assume that the companys claim is true. Suppose that you reach into a large bag of plain M&MS (without looking) and pull out 8 candies. Let X = the number of orange candies you get. Orange M&MS (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.
Questions & Answers
QUESTION:
Exercises R6.5 and R6.6 refer to the following setting. According to Mars, Incorporated, 20% of its plain M&MS candies are orange. Assume that the companys claim is true. Suppose that you reach into a large bag of plain M&MS (without looking) and pull out 8 candies. Let X = the number of orange candies you get. Orange M&MS (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.
ANSWER:Step 1 of 4
Given that
According to Mars, Incorporated, 20% of its plain M&M'S candies are orange.
The pull-out candies=8.
X = the number of orange candies you get.
a.