I noticed you've uploaded a file, which appears to be an Excel spreadsheet. I'll open it and review the worksheets to provide a detailed explanation of each one, including the procedures to obtain values and the statistical concepts involved.

Let's get started.The Excel file contains the following worksheets:

1. Promo Bino.dist
2. Cust Bino.dist
3. Random Sampling
4. Poisson Dist (likely a typo for "Poisson Distribution")
5. Rough Work

I'll go through each worksheet step by step, explaining the procedures to obtain values and the related statistical concepts. Let's start with the first sheet, "Promo Bino.dist."

1. Promo Bino.dist

This worksheet likely deals with a Binomial Distribution related to promotional activities. The Binomial Distribution is used in statistics to model the number of successes in a fixed number of trials, where each trial has two possible outcomes (success or failure).

I'll now inspect the content of this worksheet to explain it in detail.The "Promo Bino.dist" worksheet focuses on the application of a Binomial Distribution to a promotional event at McDonald's. Here's a detailed breakdown of the steps, the statistical concepts involved, and the values obtained:

Structure of the Worksheet

1. Raw Data: This section records the number of successful and unsuccessful promotions.

   • Success: There were 27 successful promotions.
   • Failure: There were 45 unsuccessful promotions.
   • Total Events: A total of 72 promotional events were recorded.

2. Probability of Success:

   • The probability of a promotion being successful is calculated as: $\text{Probability of Success} = \frac{\text{Number of Successful Promotions}}{\text{Total Number of Promotions}} = \frac{27}{72} \approx 0.375$

3. Binomial Distribution:

   • X values: Represents the number of successes (from 0 to 5, though more values might be calculated further down the worksheet).
   • Binomial Distribution values: These are the probabilities of achieving exactly X successes in the given number of trials, calculated using the Binomial Distribution formula: $P(X = k) = \binom{n}{k} p^k (1-p)^{n-k}$ where:
     • $n$ is the total number of trials (72 events),
     • $k$ is the number of successes,
     • $p$ is the probability of success (0.375).

4. Expected Mean (E[X]):

   • The mean of a Binomial Distribution is given by $E(X) = np$.
   • In this case, $E(X) = 72 \times 0.375 = 27$.

5. Variance:

   • The variance of a Binomial Distribution is calculated as $\text{Variance} = np(1-p)$.
   • Here, $\text{Variance} = 72 \times 0.375 \times (1 - 0.375) = 16.875$.

6. Standard Deviation:

   • The standard deviation is the square root of the variance.
   • $\text{Standard Deviation} = \sqrt{16.875} \approx 4.11$.

Conceptual Understanding

• Binomial Distribution is particularly useful for modeling situations with a fixed number of trials, each of which has a binary outcome (success/failure). In this case, it's applied to promotional events.
• The worksheet calculates key statistics like the probability of success, the expected number of successes, the variance, and the standard deviation, which provide insights into the distribution of successful promotions.

Would you like me to continue with the next sheet, "Cust Bino.dist"?