Use the following information to answer the question. Lambda olive oil is touted as the "World's most expensive olive oil." A twelve ounce bottle typically costs fifty dollars or more. In a blind taste test, a group of food experts tasted three premium olive oils, one of which was Lambda olive oil. When asked to pick the Lambda olive oil, 84 got it right and 87 got it wrong. If this group were just guessing, how many people (out of 171) would be expected to guess correctly?
Use the following information to answer the question. Lambda olive oil is touted as the "World's most expensive olive oil." A twelve ounce bottle typically costs fifty dollars or more. In a blind taste test, a group of food experts tasted three premium olive oils, one of which was Lambda olive oil. When asked to pick the Lambda olive oil, 84 got it right and 87 got it wrong. If this group were just guessing, how many people (out of 171) would be expected to guess correctly?
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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Transcribed Image Text:Use the following information to answer the
question. Lambda olive oil is touted as the
"World's most expensive olive oil." A twelve
ounce bottle typically costs fifty dollars or more.
In a blind taste test, a group of food experts
tasted three premium olive oils, one of which
was Lambda olive oil. When asked to pick the
Lambda olive oil, 84 got it right and 87 got it
wrong.
If this group were just guessing, how many
people (out of 171) would be expected to guess
correctly?
O 86
57
114
O Not enough information given to calculate
expected value.
Transcribed Image Text:The following table summarizes the results of a
study to determine if job satisfaction is related
to pay category.
Salaried
Hourly
Totals
3.50
1310
605
1310
194
1310
Satisfied
200
405
605
What fraction represents the fraction of people
in the study who were satisfied with their jobs?
381
1310
Neutral
130
381
511
Dissatisfied
20
174
194
Totals
350
960
1310
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