Math Problem Statement
The Zagat Restaurant Survey provides food, decor, and service ratings for some of the top restaurants across the United States. For 15 restaurants located in Boston, the average price of a dinner, including one drink and tip, was $48.60 . You are leaving on a business trip to Boston and will eat dinner at three of these restaurants. Your company will reimburse you for a maximum of $50 per dinner. Business associates familiar with these restaurants have told you that the meal cost at one-third of these restaurants will exceed $50 . Suppose that you randomly select three of these restaurants for dinner. a. What is the probability that none of the meals will exceed the cost covered by your company b. What is the probability that one of the meals will exceed the cost covered by your company c. What is the probability that two of the meals will exceed the cost covered by your company d. What is the probability that all three of the meals will exceed the cost covered by your company
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Probability
Binomial Distribution
Formulas
Binomial probability formula: P(X = k) = (n choose k) * p^k * (1 - p)^(n - k)
Theorems
Binomial Theorem
Suitable Grade Level
Grades 11-12
Related Recommendation
Understanding Binomial Distribution and Probability in Statistical Analysis
Probability of Correct Orders Using Binomial Distribution at Restaurants B and C
Constructing a Binomial Distribution for Health Insurance Deductibles Problem
Binomial Probability of Successful Medicare Appeals
Binomial Distribution Probability for Working Mothers' Health Deductibles