A cereal company hopes to increase its sales by putting prizes in randomly selected boxes of its lowest-selling children's cereal. The company claims that the probability of getting a prize is 0.75. Which is the correct interpretation of this probability? This company expects to increase cereal sales by 75%. O There is a guarantee of getting 3 prizes when buying 4 boxes of this type of cereal. O In many, many boxes of cereal of this type, we can expect about 75% of the boxes to contain a prize. O The claim of this company is correct if exactly 75 out of 100 boxes of this type of cereal contain a prize.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
A cereal company hopes to increase its sales by putting prizes in randomly selected boxes of its lowest-selling
children's cereal. The company claims that the probability of getting a prize is 0.75.
Which is the correct interpretation of this probability?
O This company expects to increase cereal sales by 75%.
O There is a guarantee of getting 3 prizes when buying 4 boxes of this type of cereal.
OIn many, many boxes of cereal of this type, we can expect about 75% of the boxes to contain a prize.
O The claim of this company is correct if exactly 75 out of 100 boxes of this type of cereal contain a prize.
Transcribed Image Text:A cereal company hopes to increase its sales by putting prizes in randomly selected boxes of its lowest-selling children's cereal. The company claims that the probability of getting a prize is 0.75. Which is the correct interpretation of this probability? O This company expects to increase cereal sales by 75%. O There is a guarantee of getting 3 prizes when buying 4 boxes of this type of cereal. OIn many, many boxes of cereal of this type, we can expect about 75% of the boxes to contain a prize. O The claim of this company is correct if exactly 75 out of 100 boxes of this type of cereal contain a prize.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman