Question: 2. In this question, you can use either the built-in Excel functions or the instructional templates to help answer the questions. Suppose that the number

2. In this question, you can use either the built-in Excel functions or the instructional templates to help answer the questions. Suppose that the number of flaws in the produced items in a day follows a Poisson distribution with parameter ^ = 0.04. This implies that the expected number of flaws in the produced items in a day is 0.04. Answer the following questions. (a) What is the probability that there are no flaws in produced items in a randomly selected day? In other words, what is the percentage of days with produced items in perfect condition? (b) Suppose the manufacturing process is stopped for serious investigations if two or more flaws are detected in the produced items in a day. Use the template to determine the percentage of days that the manufacturing process is stopped for serious investigations. (C) Refer to part (b). What is the probability that the manufacturing process is not stopped for serious investigations for a randomly selected period of four consecutive years? (Assume the first day of the entire period is selected randomly and each day is independent of the other days.) (d) Refer to part (b). What is the probability that the manufacturing process is stopped for serious investigations for more than one day in a randomly selected period of four consecutive years? (Again, assume the first day of the entire period is selected randomly and independence between days.)

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