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If the recipe makes enough stew for 6 people, and the ingredients cost $9.75, then for 24 people it will cost $x. You can write this statement as
6 people - $9.75,
24 people - $x.
Or as proportion,
Find x:
Answer: It would cost $39 to serve 24 people
We can solve this problem using the binomial distribution. A binomial distribution<span> can be thought of as a success or failure outcome in an experiment or survey that is repeated multiple times.
</span>Probability function of binomial distribution has the following form:
p represents the probability of each choice we want. k is the number of choices we want and n is the total number of choices.
In our case p=0.85, k=5 and n=6.
We can now calculate the answer:
The probability is 39%.
.
</span>Probability function of binomial distribution has the following form:
p represents the probability of each choice we want. k is the number of choices we want and n is the total number of choices.
In our case p=0.85, k=5 and n=6.
We can now calculate the answer:
The probability is 39%.
.