Computing probability that items will be good

Assignment Help Basic Statistics
Reference no: EM1315493

Q1) Production process historically makes 90% items which are good and 10% which are defective. Sample of 30 items is taken. Find out the following probabilities

i) Probability that exactly 27 items will be good.

ii) Probability that 5 or less items will be defective

3) Probability that between 22 and 28 inclusive items inclusive will be good.(Inclusive means that both 22 and 28 are included)

4) Probability that 25 or more items will be good.

5) Probability that 26 or more items will be good.

6) Probability that between 5 and 8 items inclusive will be defective

Reference no: EM1315493

Questions Cloud

Research for a voip solution : In the future, Klamath’s separate the voice network will be dismantled. All the voice, data, and video traffic will traverse Metro Ethernet network.
Computation of initial return earned by investors : Computation of initial return earned by investors who are allocated shares in the IPO and how much will WCMC receive from this offering
Immediate lyric division accused microsoft of forcing : The Immediate lyric Division accused Microsoft of forcing consumers to buy Internet Explorer whenever they bought Windows
Statement of cost of production : Assume you own a home re-modelling company. You are currently earning short-run profits. The home re-modelling industry is an increasing-cost industry.
Computing probability that items will be good : Find out the following probabilities. Probability that exactly 27 items will be good.
Estimating the future sales using adjusted sales forecast : Compute a seasonalized or adjusted sales forecast.
Computation of cost of equity and weighted average cost : Computation of cost of equity and weighted average cost of capital (WACC) and what conclusions can you draw from your results from Parts
Optimal number of bran muffins to sell in a single package : Conclude the optimal number of bran muffins to sell in a single package also the optimal package price. Elucidate how all step by step calculations to arrive at solution.
Valuing the health care : Find the best way in order to leverage value from the health IM / IT investments in today’s health care environment. Give some specific examples in order to support your response.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Evaluating proportion of costs using empirical rule

Use empirical Rule to evaluate proportion of costs within 2 standards deviations of mean. Write down these limits.

  Conditional probability using contingency table

Find the probability that the driver was intoxicated or the pedestrian was not intoxicated?

  Percentage of the averages or medians

What percentage of the averages or medians of the sample will be greater than 140 seconds?

  Quadratic regression model

Using quadratic regression model find the estimated number of planes.

  Determining the probability that doors left open

If garage is robbed, determine the probability doors were left open?

  Assumption of t-test

When the p-value is used for hypothesis testing, the null hypothesis is rejected if

  Estimate the p-values using excel function

In Excel, which of the following functions is used to conduct a hypothesis test (using the  p -value) for a population variance

  Standard deviation of the population

This distribution is positively skewed. The standard deviation of the population is not known.

  Compute the variance and standard deviation

Compute the variance and standard deviation

  Sampling distribution problem

To select a _________ sample, an intact group of subjects that represent the population is selected.

  Computation for straight -line regression

Illustrate by computation that, for straight -line regression of Y on x, β1= 0.

  Sampling error and simple random sampling

When a sample mean is greater than the true, population mean, the resulting difference is called:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd