A production line in a factory produces 50 units per week and, on average, 10% of these
Question:
A production line in a factory produces 50 units per week and, on average, 10% of these units are expected to have some defect. Calculate the probability that a random selection of two units will both be faulty in the following situations.
a. The first unit is replaced before the second is selected.
b. The first unit is not replace before the second is selected.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
We begin by defining two events We are given that PA 01 and the qu...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Introduction To Actuarial And Financial Mathematical Methods
ISBN: 9780128001561
1st Edition
Authors: Stephen Garrett
Question Posted:
Students also viewed these Sciences questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
A company is to carry out a major modernization of its factory commencing in two weeks time. During the modernization, which is expected to take four weeks to complete, no production of the company's...
-
The board of directors of Portand Ltd are considering two mutually exclusive investments each of which is expected to have a life of five years. The company does not have the physical capacity to...
-
Ford Company's cost of capital is 13%. It has invested x (million dollars) in current assets. The following function represents the shortage cost of its current assets: S = 9 e- x/3 Find the...
-
Use the mirror equation to locate and describe the images for the object distances and convex mirror of Problem 15.
-
Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2014 is available for Second Chance. The company desires a $30 profit margin per hour of labor and...
-
Using carbon dating, one sample of wood is found to be twice as old as another, because the first sample is found to be 200 years old while the other sample is 100 years old. Determine whether the...
-
Your broker offers to sell you some shares of Bahnsen & Co. common stock that paid a dividend of $2 yesterday. You expect the dividend to grow at the rate of 5 percent per year for the next 3 years,...
-
A taxpayer who is an employee generally has what kind of taxes withheld from his wages? Explain
-
A bag contains five balls colored red green blue yellow and black State which of the following are valid partitions of the sample space. R
-
Consider a bag containing a number of balls colored either red, blue, green, or yellow, denoted respectively. In particular, there are Calculate the probability that the draw of a single ball will be...
-
Compare how prior service cost is treated under IFRS relative to its treatment under U.S. GAAP.
-
(a) Craft a vision and mission statement for your business school and then for your college or university as a whole. How are these statements related? How are they similar? How do they differ? How...
-
Go to Warren Buffets Letter to Shareholders page at www. berkshirehathaway.com/letters/letters.html and read the most recent letter. How many of the strategy topics covered in this chapter are...
-
Based on the framework applied to Tritec Motors in the box entitled How Would You Do That? 2, use the opening vignette on AnneMulcahy at Xerox to map out the key stakeholders in her turnaround...
-
Assume that Belgium has a large number of pharmaceutical stores in 2018 was competitively structured; however, certain chemists did supply illegal medical goods. Over the course of three years, one...
-
The box entitled HowWould You Do That? 1 illustrates the five-forces model for the airline industry. Use the analysis there as an example and performa five-forces analysis for one of the following...
-
Why do people resist change? Explain the basic model for understanding why people accept or resist change.
-
You have accepted the engagement of auditing the financial statements of the C. Reis Company, a small manufacturing firm that has been your auditee for several years. Because you were busy writing...
-
The following compound has three nitrogen atoms: Each of the nitrogen atoms exhibits a lone pair that can function as a base (to abstract a proton from an acid). Rank these three nitrogen atoms in...
-
Consider the following pKa values, and then answer the following questions: (a) For the following compound, will the lone pair on the nitrogen atom be more or less basic than the lone pair on the...
-
Determine the position of equilibrium for each acid-base reaction below: (a) (b) (c) (d) `H. O + H20
-
All the answeers in the tables for Scenario A and Scenario B are correct. What is the OC for 2 0 2 3 that's missing in Scenario A and the OCI for 2 0 2 3 for Scenario B ?
-
Auditors generally divide company information systems into business processes or transactions cycles. Using this approach, the auditor is able to gather evidence by examining the processing of...
-
is patents balance include on the balance sheet, and if so as an asset, a long term investment or PPE?
Study smarter with the SolutionInn App