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Thu 6 Jun, 2013 06:45 am
A jewelry supplier has a supply of earrings which are 20% platinum. A store owner orders ten sets of earrings from the supplier. This is a binomial experiment.
a) If the supplier selects the pairs of earrings at random, what is the chance that the jewelry store gets exactly two sets of platinum pairs?
b) If a random sample of 200 was taken, find the mean, variance and standard deviation.