According to Masterfoods, the company that manufactures M&M's, 12% of peanut M&M's are brown, 15% areyellow, 12% are red, 23% are blue, 23% are orange and 15% are green. You randomly select five peanutM&M's from an extra-large bag of the candies. (Round all probabilities below to four decimal places: youranswer should look like 0.1234, not 0.1234444 or 12.34%.)Compute the probability that exactly two of the five M&M's are green:0.1382Compute the probability that two or three of the five M&M's are green:0.1626Compute the probability that at most two of the five M&M's are green:0.9733Compute the probability that at least two of the five M&M's are green:0.1649If you repeatedly select random samples of five peanut M&M's, on average how many do you expect to begreen?0.75With what standard deviation?x0.80M&M'sM&M's

Answered: According to Masterfoods, the company…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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According to Masterfoods, the company that manufactures M&M's, 12% of peanut M&M's are brown, 15% are yellow, 12% are red, 23% are blue, 23% are orange and 15% are green. You randomly select five peanut M&M's from an extra-large bag of the candies. (Round all probabilities below to four decimal places; i.e. your answer should look like 0.1234, not 0.1234444 or 12.34%.) Compute the probability that exactly four of the five M&M's are orange. Compute the probability that three or four of the five M&M's are orange. Compute the probability that at most four of the five M&M's are orange. Compute the probability that at least four of the five M&M's are orange. If you repeatedly select random samples of five peanut M&M's, on average how many do you expect to be orange? (Round your answer to two decimal places.) orange M&M's With what standard devia (Round your answer to two decimal places.) orange M&M's
A firm making production plans believes there is a 30% probability the price will be $10, a 50% probability the price will be $15, and a 20% probability the price will be $20. The manager must decide whether to produce 6,000 units of output (A), 8,000 units (B) or 10,000 units (C). The following table shows 9 possible outcomes depending on the output chosen and the actual price. Production Profit (Loss) when price is $10 $15 $20 6,000 (A) −$200 $400 $1,000 8,000 (B) −$400 $600 $1,600 10,000 (C) −$1,000 $800 $3,000 What is the variance if 6,000 units are produced?
Milan
Charlie buys a one-year term home insurance policy for $p, that will pay $200,000 in the event of a major catastrophe and $35,000 in the event of a minor catastrophe. Charlie's home has a 0.2% chance of a major catastrophe and a 0.7% of a minor catastrophe during the one year term. What did the insurance company charge Charlie for this policy if the company expected to break even?
June is a student taking a statistics course. Unfortunately, June is not a diligent student. She does not read the textbook before or after class, does not do homework, and regularly misses class. She intends to rely on luck to pass the next quiz. The quiz consists of 10 multiple-choice question. Each question has five possible answers. Only one of the answers is correct, so the probability of choosing the correct answer is 0.20. June plans to guess the answer to each question independently. Let � be the number of correct answers on June’s quiz. What is the standard deviation of correct answers for June? Group of answer choices 8 2 1.26 1.14 None of These
A sample of 2500 patients were taken to assess a medical test. 40% of the sample had a positive test, 563 patients have the disease and tested negative, and 235 patients do not have the disease and tested positive. What is the probability someone has a positive test if it is known they do have the disease? (round your answer to 4 decimal places) What is the probability someone does not have the disease if their test is known to be negative? (round your answer to 4 decimal places)
Charles has six songs on a playlist. Each song is by a different artist. The artists are Joey McIntyre, Whitney Houston, Aaron Carter, Shakira, Shania Twain, and Phil Collins. He programs his player to play the songs in a random order, without repetition. What is the probability that the first song is by Aaron Carter and the second song is by Joey McIntyre? Write your answer as a fraction or a decimal, rounded to four decimal places. The probability that the first song is by Aaron Carter and the second song is by Joey McIntyre is .
Suppose an oil company is thinking of buying some land for $10,000,000. There is a 60%60% chance of economic growth and a 40%40% chance of recession. The probability of discovering oil is 44%44% when there is economic growth and 32%32% when there is a recession. If there is economic growth and the oil company discovers oil, the value of the land will triple. If they do not discover oil, the value of the land will decrease by 10%.10%. If there is a recession and the company discovers oil, the value of the land will increase by 50%.50%. If they do not discover oil, the land will decrease in value by 75%.75%. What is the expected value of the investment? Give your answer to the nearest dollar. Avoid rounding within calculations. $$ Select the correct interpretation of the expected value. The expected value represents what the actual investment value will be for this land purchase of $10,000,000. The company should make the investment because the expected value…
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Analysts expects that 11% of all publicly traded companies will experience a decline in earnings next year. If a company is headed for a decline, there is a 74% chance that this ratio will be negative. If the company is not headed for a decline, there is only a 20% chance that the ratio will be negative. The analyst randomly selects a company and its ratio is negative. What is the probability that the company will experience a decline?
Dystopia county has three bridges. In the next year, the Elder bridge has a 10% chance of collapse, the Younger bridge has a 2% chance of collapse, and the Ancient bridge has a 16% chance of collapse. What is the probability that exactly one of these bridges will collapse in the next year? (Round your final answer to four decimal places. Do not round intermediate calculations.)
Detailed below is one of the nefarious dicing practices of the win some/lose some casino. Some dice are constructed in such a way that deuce (2) is six times as likely to come up as 4 and four times as likely to come up as each of 1,3,5 and 6. Find the probabilities of all the possible outcomes.

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