I have absolutely no idea even how to set this one up. If somebody could please help me I would greatly appreciate it. Thanks.
Assume that in Fizzo-Cola's new bottle cap game, the probability that a bottle will have a winning bottle-cap is 0.25. Suppose you buy 9 bottles of Fizzo-Cola.
A) Find the expected number of winning Fizzo-Cola bottle-caps.
B) Find the standard deviation of the number of winning Fizzo-Cola bottle-caps.
Assume that in Fizzo-Cola's new bottle cap game, the probability that a bottle will have a winning bottle-cap is 0.25. Suppose you buy 9 bottles of Fizzo-Cola.
A) Find the expected number of winning Fizzo-Cola bottle-caps.
B) Find the standard deviation of the number of winning Fizzo-Cola bottle-caps.