In Exercise 11.6.15 about the Munchie Peel Instant Win Game: a. What is the expected number of
Question:
In Exercise 11.6.15 about the Munchie Peel Instant Win Game®:
a. What is the expected number of winning stickers for those that buy four meals?
b. What is the standard deviation for the number of winning stickers for those who buy four meals?
c. What is the expected number of meals one would have to buy in order to get exactly one winning sticker?
Data from Exercise 11.6.15
In 2014, Jack in the Box® restaurants conducted a game called the Munchie Peel Instant Win Game® where you could peel a sticker off one of their meal boxes and possibly win a prize. They claimed that customers had a 1 in 4 chance of winning some sort of prize in this contest.
Step by Step Answer:
Introduction To Statistical Investigations
ISBN: 9781119683452
2nd Edition
Authors: Beth L.Chance, George W.Cobb, Allan J.Rossman Nathan Tintle, Todd Swanson Soma Roy