If the probability of an automobile part being defective is 0.02, find the probability of getting exactly
Question:
If the probability of an automobile part being defective is 0.02, find the probability of getting exactly 3 defective parts in a sample of 12.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
Prexactly ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Mathematics questions
-
A manufacturing process is continually monitored for defective parts. Every hour 5 samples are taken from the process. Listed here are the number of defective parts in a sample of 5 and the...
-
A casino cheat is caught trying to use a pair of loaded dice. At his court trial, physical evidence reveals that some of the black dots were drilled, filled with lead, then repainted to appear...
-
A minor league baseball executive has become concerned about the slow pace of games played in her league, fearing that it will lower attendance. She meets with the leagues managers and umpires and...
-
Calculate the Total Cost of Ownership of the following 2 models and determine which model is a better buy. Model X Model Y $50,000 $60,000 Purchase price = Expected useful life = Maintenance cost per...
-
Consider the following model: Yi = B0 + B1Xi + B2D2i + B3D3 + ui where Y = annual earnings of MBA graduates X = years of service D2 = 1 if Harvard MBA = 0 if otherwise D3 = l if Wharton MBA = 0 if...
-
A company has a $36 million portfolio with a beta of 1.2. The futures price for a contract on an index is 869. Futures contracts on $250 times the index can be traded. How many futures have to be...
-
What were two of the most profound influences in the development of present-day hospitals?
-
Severo S.A. of Sao Paulo, Brazil, is organized into two divisions. The company's contribution format segmented income statement (in terms of the Brazilian currency Real) for last month is given...
-
A $1,000 bond with a coupon rate of 10% has a required return of 8% and 10 years to maturity. What is the current value of the bond?
-
Your brother has just started a new job as the Controller of an IESBA restricted audit client. You do not serve on the audit engagement. What steps must you take to ensure your independence is not...
-
What is the area under the standard normal curve between z = -1.6 and z = 1.9?
-
Empirical records show that the probability is 0.06 that a driver insured with Riders Insurance Company will have an accident during 2019 in which he or she is at fault. If the company has 12,000...
-
What is the Oracle Universal Installer (OUI), and what is its purpose?
-
Review the Management and Analysis section of your SEC 10-K report. Provide an overview of the corporation's operations. Locate, discuss, and summarize the corporation's four primary financial...
-
How financial resources are thoughtfully allocated to avoid wastage and overlaps? Explain briefly
-
What are the Strategic Steps Required to Reduce Estimating Error? Explain briefly
-
What are typically found on a hazardous substance's material safety data sheet (MSDS)?
-
Design and explain in detail a phonics activity based on an AZ ELA standard you could use in a K-3 small group. Be sure to include the following information: the goal, the standard to which the goal...
-
What are the predominant ownership forms in global business?
-
For a Poisson process of rate , the Bernoulli arrival approximation assumes that in any very small interval of length , there is either 0 arrivals with probability 1- or 1 arrival with probability ....
-
24 The following table lists the annual world production of 21 fruits (in millions of metric tons). Use a graphical technique to present these figures. Annual Production (Millions of Metric Tons)...
-
Governments in both Canada and the United States have considered passing legislation that increases the minimum hourly wage to $15. The current (as of October 2015) minimum hourly wage in each...
-
Pew Research Center Date: June 2015 Population: Americans who are most likely to vote, donate to campaigns, and participate directly in politics. (They comprise about 20% of all Americans.) Question:...
-
Every culture is different. According to Hofstede, much of this variability can be accounted for by six cross-cultural values. Briefly describe them and indicate how each of these values may impact...
-
In this exercise, identify the types of questions you'll need to be answered in order to help you plan a successful venture. Here's the situation: You have an idea for a new business. It's a high-end...
-
We are introducing a survey to test a small group in order to see if online expansion would be beneficial for MESA productions (a corrosion control company). Currently it is hard to find their...
Study smarter with the SolutionInn App