The Ziteck Corporation buys parts from international suppliers. One part is currently being purchased from a Malaysian
Question:
a. Assuming that the conditions for the binomial distribution are satisfied, what is the probability that the sample will lead Ziteck to keep the shipment if the defect rate is actually 0.05?
b. Suppose the supplier is actually sending Ziteck 10% defects. What is the probability that the sample will lead Ziteck to accept the shipment anyway?
c. Comment on this sampling plan (sample size and accept/reject point). Do you think it favors either Ziteck or the supplier? Discuss.
Corporation
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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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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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