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The Ovaltine company puts toy prizes in its canisters. Ralphie wants a Little Orphan Annie Secret Decoder Ring, but he knows that only 12%
The Ovaltine company puts toy "prizes" in its canisters. Ralphie wants a Little Orphan Annie Secret Decoder Ring, but he knows that only 12% of the canisters contain the rings-the rest have some stupid toy that nobody wants. In order to get the ring, he gets his mom to buy 10 cans of Ovaltine. Let X = the number of Secret Decoder Rings he finds. 13. Is this a binomial setting? Justify your answer. 14. What is the probability that Ralphie will be truly disappointed-that he will find no rings in the 10 cans? 15. Find the probability that he will get exactly 2 rings, one for him and one to share with his brother Randy? 16. What is the probability that Ralphie will get at least four rings-enough for he and his brother and his two good friends Flick and Schwartz?
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