Question

During a marketing campaign, Swanson Candy Bar Company colors the inside of some wrappers NEON GREEN. If you get a NEON GREEN Wrapper, you win a football signed by Mike Tomlin. The company
colors 2.5% of its candy bar wrappers NEON GREEN. You plan to purchase one Swanson Candy Bar per day and will continue to do so until you get a NEON GREEN Wrapper, then you will give up chocolate
forever. What is the expected number of candy bars an individual following your purchasing plan would have to buy in order to get their first NEON GREEN Wrapper?
2.5
B
4
С
25
D
40
E
400

Answer 1

Answer:

Expected Value of Distribution = 40

Explanation:

Assume;

Number of candy bars(First neon green wrapper) = X

Company's parameter = p = 2.5%

Find:

Expected Value of Distribution

Computation:

Expected Value of Distribution = 1/p

Expected Value of Distribution = 100/2.5

Expected Value of Distribution = 40