In Example 5.4 on page 186, you and two friends decided to go to Wendys. Now, suppose

Question:

In Example 5.4 on page 186, you and two friends decided to go to Wendy’s. Now, suppose that instead you go to McDonald’s, which recently filled approximately 88.3% of the orders correctly. What is the probability that
a. All three orders will be filled correctly?
b. None of the three will be filled correctly?
c. At least two of the three will be filled correctly?
d. What are the mean and standard deviation of the binomial used in (a) through (c)? Interpret these values.
e. Compare the result of (a) through (d) with those of Burger King in Problem 5.16 and Wendy’s in Example 5.4 on page 186. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...