Next year Phil and Matt may sell the cookies for $50 each. They plan to make the same total number of cookies, but they predict
that they will only sell of them given the price increase. Based on their prediction, should Phil and Matt raise the price of the cookies? Justify your answer.
Enter your answer and your justification in the box provided.
Enter your answer and your justification in the box provided.
1 answer:
You might be interested in
Answer: c. 0.0778
Step-by-step explanation:
Let X is the number of non-authentic names in her sample with parameter :
n= 5 and p=40% = 0.40
Binomial probability distribution, the probability of getting success in x trials :-
We have ,
Thus , the correct answer is option c. 0.0778