A Company That Bakes Chocolate Chip Cookies Averages 5

question 22

Multiple Choice

A company that bakes chocolate chip cookies averages 5.2 chocolate chips per cookie. Assume that the number of chocolate chips per cookie follows the Poisson distribution. What is the probability that a randomly selected cookie will contain two or more chocolate chips?

• A)0.4401
• B)0.9658
• C)0.3569
• D)0.5469

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Definitions:

Marginal Utility

The extra pleasure or advantage obtained from using an additional unit of a product or service.

Total Utility

The total satisfaction received from consuming a given total quantity of a good or service.

Clothing

Clothing refers to items worn on the body, typically made from fabrics or textiles, but can include garments made from animal skin or other thin sheets of materials put together, serving to protect, adorn, or fulfill social and cultural expressions.

Price Decrease

refers to a reduction in the cost of goods or services in the market.