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Characteristics of a binomial experiment

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Reference no: EM133363181

Questions

1. What are the 4 characteristics of a binomial experiment?

2. Can we use a binomial distribution to model this process?

3. What is the probability that the entire batch unnecessarily has to be tested if in fact 95% of its laptops conform to specifications? (Hint:
Use Excels =BINOMDIST() function to find the probability)

4. What is the probability that the batch is incorrectly accepted if only 75% of its laptops actually conform to specifications?

5. What situations in your organization might this type of analysis apply to? Explain.

Reference no: EM133363181

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