The Probability That a Randomly Selected Pound of Beef Is

question 93

Essay

The probability that a randomly selected pound of beef is purchased by McDonald's is 0.06. Ten pounds of beef are chosen at random.
What is the probability that exactly two of them are purchased by McDonald's Round your answer to four decimal places.
The probability is __________.
Use technology to generate the probability distribution for the associated binomial random variable. Round your answers to four decimal places. $\begin{array} { | c | c | c | c | c | c | } \hline x & 0 & 1 & 2 & 3 & 4 \\\hline P ( X = x ) & & & & & \\\hline 5 & 6 & 7 & 8 & 9 & 10 \\\hline & & & & & \\\hline\end{array}$ ?
If 10 pounds of beef produced in the U.S. are selected at random, the number of pounds most likely to have been purchased by McDonald's is __________.

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Definitions:

Stock Exchange

A marketplace where securities, such as stocks and bonds, are bought and sold.

Consideration

In contract law, it refers to something of value exchanged between parties as part of an agreement.

Legally Sufficient Value

A value, consideration, or benefit that is recognized by law as adequate to support a binding contract.

Preexisting Duty

An obligation or duty that already exists under a contract, and performing it, therefore, does not constitute consideration for a new promise.