5. (32 points) The table below describes the color distribution of plain M&M's candies produced at...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
5. (32 points) The table below describes the color distribution of plain M&M's candies produced at the Cleveland, Tennessee factory as of 2017 (source here). Suppose all the M&M's referenced in this problem are randomly selected from this distribution, and that all small "fun size" bags of M&M's have 20 candies. Color Proportion Blue 0.207 Orange 0.205 Green 0.198 Yellow 0.135 Red 0.131 Brown 0.124 5.1. You randomly select M&M's from a bottomless bowl. What is the probability you get your first green one within the first five M&M's? 5.2. You randomly select M&M's from a bottomless bowl. What is the probability it takes you more than three M&M's to get an orange one? 5.3. You randomly select M&M's from a bottomless bowl. On average, how many selections will it take to get your first brown M&M? 5.4. In a fun size bag, how many blue M&M's are there, on average? 5.5. In a fun size bag, what is the probability that there are no red M&M's? 5.6. In a fun size bag, what is the probability that there are at least two yellow M&M's? 5.7. What is the standard deviation of the number of blue M&M's in fun size bags? 5.8. If Mars Incorporated, the company that makes M&M's, wanted to ensure that 98 percent of all fun size bags have at least one red M&M, then they would have to change the proportion of red M&M's in their manufacturing to what value? 5. (32 points) The table below describes the color distribution of plain M&M's candies produced at the Cleveland, Tennessee factory as of 2017 (source here). Suppose all the M&M's referenced in this problem are randomly selected from this distribution, and that all small "fun size" bags of M&M's have 20 candies. Color Proportion Blue 0.207 Orange 0.205 Green 0.198 Yellow 0.135 Red 0.131 Brown 0.124 5.1. You randomly select M&M's from a bottomless bowl. What is the probability you get your first green one within the first five M&M's? 5.2. You randomly select M&M's from a bottomless bowl. What is the probability it takes you more than three M&M's to get an orange one? 5.3. You randomly select M&M's from a bottomless bowl. On average, how many selections will it take to get your first brown M&M? 5.4. In a fun size bag, how many blue M&M's are there, on average? 5.5. In a fun size bag, what is the probability that there are no red M&M's? 5.6. In a fun size bag, what is the probability that there are at least two yellow M&M's? 5.7. What is the standard deviation of the number of blue M&M's in fun size bags? 5.8. If Mars Incorporated, the company that makes M&M's, wanted to ensure that 98 percent of all fun size bags have at least one red M&M, then they would have to change the proportion of red M&M's in their manufacturing to what value?
Expert Answer:
Posted Date:
Students also viewed these mathematics questions
-
Cost of Capital: Cost of Preferred Stock The cost of preferred stock, rps, used in the weighted average cost of capital equation is calculated as the preferred dividend, Dps, divided by the current...
-
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
-
Consider the following information: Rate of Return if State Occurs State of Economy Boom :57 Bust of Economy .66 .34 Probability of State Stock A .09 .13 Stock B Stock C .03 .19 .24 -.04 a. What is...
-
State the date (or dates) on which corporation tax is due for payment in relation to the following periods of account: (a) the year to 31 March 2021 (b) the six months to 30 November 2020 (c) the 21...
-
If X-bar = 85, = 8, and n = 64, construct a 95% confidence interval estimate for the population mean, .
-
Reaction of 2-methylpropene with CH3OH in the presence of H2SO4 catalyst yields methyl tert-butyl ether, CH3OC (CH3)3, by a mechanism analogous to that of acid-catalyzed alkene hydration. Write the...
-
A firm receives a six-month note from a customer. The note has a face amount of \(\$ 4,000\) and an interest rate of nine percent. What is the total amount of interest to be received? a. \(\$ 1,080\)...
-
Carlisle Engine Company manufactures and sells diesel engines for use in small farming equipment. For its 2014 budget, Carlisle Engine Company estimates the following: Selling price ...........$...
-
What was one of Petrarch's important contributions to the development of art history?
-
Capture IPv6 packets through Wireshark protocol analyser. Using the packets captured by Wireshark, contrast and compare the IPv4 packet header format with that for the IPv6 packet header format. FOR...
-
What are the strategic advantages of a forward vertical integration strategy. Explain in details.
-
What acceleration does the Earth exert on its moon if the Earth has a mass of 5 . 9 8 \\ times 1 0 2 4 kg
-
Warren Company has two divisions with the following results: Sales revenue Divisional expenses Segment income Average invested assets Warren Company has a hurdle rate of 12.9%. Required: Ashland $...
-
Fiwrt Corporation manufactures and sells stainless steel coffee mugs. Expected mug sales Fiwrt (in units) for the next three months are as follows: Budgeted unit sales October 40,000 November 46,000...
-
How can an accounting change cause a company to increase a previously reported inventory amount?Are all accounting changes reported this way?If not, what are the other approaches to reporting...
-
Sakura Real Estate Agency Trial Balance July 31, 2020 (in $) Account Debit Credit Cash 16,240 Prepaid Rent 8,100 Supplies 3,460 Accounts Receivable 6,500 Equipment 10,000 Vehicle 5,000 Acc....
-
The Pletcher Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment performance is measured using...
-
Lamar Company reports ending inventory of \(\$ 150,000\) on a LIFO basis and also reports a LIFO inventory reserve of \(\$ 32,000\). If Lamar had used FIFO rather than LIFO, ending inventory would...
-
What is meant by establishing rapport with the interviewee during the conduct of an audit interview? Why is establishing rapport important during the conduct of an audit interview? Briefly describe...
-
Briefly explain the difference between a closed and an open question. What factors affect whether auditors use a closed or an open question during an audit interview?
Study smarter with the SolutionInn App