Binomial Probability 'At Most' and 'At Least' MathBitsNotebook.com Topical Outline | Algebra 2 Outline | MathBits' Teacher Resources Terms of Use Contact Person:Donna Roberts |
When computing 'at least' and 'at most' probabilities, it is necessary to consider, in addition to the given probability, • all probabilities larger than the given probability ('at least') • all probabilities smaller than the given probability ('at most') |
A bag contains 6 red Bingo chips, 4 blue Bingo chips, and 7 white Bingo chips. What is the probability of drawing a red Bingo chip at least 3 out of 5 times? Round answer to the nearest hundredth. To solve this problem, we need to find the probabilities that r could be 3 or 4 or 5, to satisfy the condition 'at least'. MR CHIPS Plastic Magnetic Bingo Chips - Metal Ringed Chips - Magnetic Kit - 100pcs - 3/4' - Available in 7 Colors in A Reusable Storage Bag. 4.7 out of 5 stars 143. Get it as soon as Mon, Feb 15. FREE Shipping on orders over $25 shipped by Amazon. Bingo Magnetic Wand with 100 Chips - Red.
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Illustration:
A bag contains 6 red Bingo chips, 4 blue Bingo chips, and 7 white Bingo chips. What is the probability of drawing a red Bingo chip at least 3 out of 5 times? Round answer to the nearest hundredth.
To solve this problem, we need to find the probabilities that r could be 3 or 4 or 5,
to satisfy the condition 'at least'.
It will be necessary to compute
for r = 3, r = 4 and r = 5 (which means do the formula three times)
and add these three probabilities for the final answer.
Written in summation notation, we need to compute:
| For r = 3: | |
| For r = 4: | |
| For r = 5: | |
| Sum: | 0.184 + 0.050 + 0.005 = 0.239 rounded to the nearest hundredth = 0.24 ANS |
Note: it may be helpful to remember in this problem that
'at most 2 successes' is the compliment of 'at least 3 successes'.
In the following examples, answers will be rounded to the nearest hundredth.
A family consists of 3 children. What is the probability that at most 2 of the children are boys? Solution: | |||||
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Target Bingo Chips Online
| Team A and Team B are playing in a league. They will play each other five times. If the probability that team A wins a game is 1/3, what is the probability that team A will win at least three of the five games? | |||||
Solution: 'At least' 3 wins implies 3, 4, or 5 wins.
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| As shown in the accompanying diagram, a circular target with a radius of 9 inches has a bull's-eye that has a radius of 3 inches. If five arrows randomly hit the target, what is the probability that at least four hit the bull's-eye? Express answer to the nearest thousandth. | |||||
Solution: 'At least' 4 hits implies 4 or 5 hits. The area of the bull's-eye is 9π and the area of the entire target is 81π. The probability of hitting the desired bull's-eye is 1/9.
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Plastic Bingo Chips
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Topical Outline | Algebra 2 Outline | MathBitsNotebook.com | MathBits' Teacher Resources
Terms of Use Contact Person: Donna Roberts
SWOT analysis of Bingo Chips analyses the brand/company with its strengths, weaknesses, opportunities & threats. In Bingo Chips SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
SWOT Analysis is a proven management framework which enables a brand like Bingo Chips to benchmark its business & performance as compared to the competitors and industry. Bingo Chips is one of the leading brands in the food & beverages sector.
The table below lists the SWOT (Strengths, Weaknesses, Opportunities, Threats), top Bingo Chips competitors and includes Bingo Chips target market, segmentation, positioning & Unique Selling Proposition (USP).
Bingo Chips | |
| Parent Company | ITC Limited |
|---|---|
| Category | Wafers |
| Sector | |
| Tagline/ Slogan | No confusion great combination |
| USP | The crunchiest potato chips |
| Bingo Chips STP | |
| Bingo Chips Segmentation | People who want to have between meal snacks |
| Bingo Chips Target Market | Youth of Lower, middle income |
| Bingo Chips Positioning | Great chips with great flavors |
| Bingo Chips SWOT Analysis | |
| Bingo Chips Strengths | Below are the Strengths in the SWOT Analysis of Bingo Chips: 1.Excellent branding and advertising on TVCs and print ads 2.Excellent distribution and availability 3.Great variety of flavors gives customers options |
| Bingo Chips Weaknesses | Here are the weaknesses in the Bingo Chips SWOT Analysis: 1.Health conscious people avoid High fat and cholesterol in potato wafers |
| Bingo Chips Opportunities | Following are the Opportunities in Bingo Chips SWOT Analysis: 1.Leverage successful brand ITC 2.Advertise more to attract target group 3.Buy out smaller competition and tie-ups with resort, food chains |
| Bingo Chips Threats | The threats in the SWOT Analysis of Bingo Chips are as mentioned: 1.Threat from local substitute snacks 2.Reduced consumption by health conscious people |
| Bingo Chips Competition | |
| Competitors | Below are the top 4 Bingo Chips competitors: 1.Lays 2.Haldirams Wafer 3.Parle Wafers 4.Local Wafer |
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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