Question: I do not have binomial examples in my notes. Business Analysis homework. Please help me with step by step to how to work it. Suppose

I do not have binomial examples in my notes. Business Analysis homework. Please help me with step by step to how to work it.

Suppose you are investigating whether there is a difference in taste between organic milk and regular milk. You recruit 10 random volunteers and ask each one individuallyafter tasting to tell you which of two unmarked glassescontains the organic milk. Let X be the number of correct guesses. If there really were no difference in taste between organic milk and regular milk, what would be the probability of five or fewer correct guesses, to three decimal points?

Hints:This is a binomial problem.What would p be if there were no difference in taste (i.e., if the volunteers were randomly guessing)? I recommend using Excel. It will save you a lot of calculations!

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