Question: Answer questions a-cDon't use log function on question c 1. (5 points) Suppose that a company selects two people who work independently inspecting two-by-four timbers.

Answer questions a-cDon't use log function on question c

1. (5 points) Suppose that a company selects two people who work independently inspecting two-by-four timbers. Their job is to identify low-quality timbers. Suppose that the Yes = 0. 20probability that an inspector does not identify a low-quality timber is 0.20. [)=1-Plec ) a. What is the probability that both inspectors do not identify a low-quality timber? = 1-.20 P( both inspectors do not identify low - quality) = Ple(and Ec ) =. 80 resins = (,2)(.2) b. Interpret the probability from part (a). =.04 There is a 4%% chance that both inspectors will fail to idents a low-quality timber when each inspect them independently. c. How many inspectors should be hired to keep the probability of not identifying a low- quality timber below 1%? 0,201 = 0.01 n In. 20= In- 01 1= 2861
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
