1. Describe the binomial distribution. Give two examples of a binomial distribution. How is the expected value...
Question:
1. Describe the binomial distribution. Give two examples of a binomial distribution. How is the expected value and standard deviation determined?
2. Solve to. A laboratory claims that a drug causes side effects in a proportion of 3 out of 100 patients. To contrast this statement, Another laboratory randomly selects 5 patients to whom it applies the drug. Which is the probability of the following events? i. No patient has side effects ii. at least two have side effects iii. What is the average number of patients expected by the laboratory get side effects if you choose 100 patients at random? b. Many restaurants in San Juan offer early bird specials. During this period of time certain dishes are sold to a minor price. Usually this occurs from 11:00 to 2:00 p.m. Not all Customers arriving at the restaurant order these dishes. In fact only one 70% of customers order them. (you can express the solution) i. Find the probability that out of 80 customers who reach the restaurant between 11:00 and 2:00, more than 65 order the special ii. What is the expected value of customers who order the special? iii. What is the standard deviation?
Operations Management in the Supply Chain Decisions and Cases
ISBN: 978-0073525242
6th edition
Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein