Question: According to Mars, Incorporated, 20% of its plain M&M'S candies are orange. Assume that the company's claim is true. Suppose that you reach into a large bag of plain M&M'S (without looking) and pull out 8 candies. Let X = the number of orange candies you get.
Orange M&M'S
(a) Explain why it is reasonable to use the binomial distribution for probability calculations involving X.
(b) Find and interpret the expected value of X.
(c) Find and interpret the standard deviation of X.