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 four 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 four M&M's are yellow:Compute the probability that two or three of the four M&M's are yellow:Compute the probability that at most two of the four M&M's are yellow:Compute the probability that at least two of the four M&M's are yellow:If you repeatedly select random samples of four peanut M&M's, on average how many do you expect to beyellow?M&M'sWith what standard deviation?M&M's

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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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Neil has a collection of 8 dice, 5 of which have four sides. If Neil randomly rolls 4 dice, what is the probability that all of them have four sides? Write your answer as a decimal rounded to four decimal places.
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
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