In an effort to check the quality of their cell phones, a manufacturing manager decides to take

Question:

In an effort to check the quality of their cell phones, a manufacturing manager decides to take a random sample of 10 cell phones from yesterday’s production run, which produced cell phones with serial numbers ranging (according to when they were produced) from 43005000 to 43005999. If each of the 1000 phones is equally likely to be selected:
a) What would they use to model the selection?
b) What is the probability that a randomly selected cell phone will be one of the last 100 to be produced?
c) What is the probability that the first cell phone selected is either from the last 200 to be produced or from the first 50 to be produced?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...