Author Question: Is number of servings of a caffeinated beverage a binomial random variable? 1.Yes, because each ... (Read 65 times)

robinn137 · **on:** Jul 24, 2018

Is number of servings of a caffeinated beverage a binomial random variable?

1.Yes, because each response is numerical.
2.Yes, because each person either drinks caffeinated beverages or not.
3.No, because there are more than two responses possible.
4.No, because caffeinated beverages are qualitative data.

Question 2

For a fundraiser, a club is selling 500 tickets each for 10. There is one prize of 1000 which will be given to the ticket holder that is randomly selected.
Assuming that all 500 tickets are sold, what is the expected net gain or loss for the ticket buyers?
1.10 loss
2.8 loss
3.8 gain
4.1000 gain