A production manager is interested in determining the proportion of defective items in a typical shipment of

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A production manager is interested in determining the proportion of defective items in a typical shipment of one of the computer components that her company manufactures. The proportion of defective components is recorded for each of 250 randomly selected shipments collected during a one-month period. The data are in the file P05_47.xlsx. Use @RISK to determine which probability distribution best fits these data.

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...
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Data Analysis and Decision Making

ISBN: 978-0538476126

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

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