A company that makes traffic signal lights buys switches

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Reference no: EM13777315

1)A company that makes traffic signal lights buys switches from a supplier. Out of each shipment of 1000 switches, the company will take a random sample of 10 switches. The company has a policy of rejecting a lot if they find any defective switches in the sample. What is the probability that the shipment will be accepted if, if in fact, 2% of the switches are actually defective? Use MINITAB and include output. 2)Ten policyholders file claims with Care-Free Insurance. Three of these claims are fraudulent. Claims manager Earl Evans randomly selects three of the ten claims for thorough investigation. If x represents the number of fraudulent claims in Earl's sample, P(x =1) is? Use MINITAB and include output. 3)Ten policyholders file claims with Care-Free Insurance. Three of these claims are fraudulent. Claims manager Earl Evans randomly selects three of the ten claims for thorough investigation. If x represents the number of fraudulent claims in Earl's sample, P(x =1) is? Use MINITAB and include output. 4)Phone calls arrive at the rate of 48 per hour at the reservation desk at Founders Inn in Virginia Beach, VA. Assume the distribution of arrivals is Poisson distributed. Determine the probability of receiving 8 or 9 calls in 15 minutes. Use MINITAB and include output.

Reference no: EM13777315

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