Illustrate what is the new posterior probability

Assignment Help Business Management
Reference no: EM13113248

Q. Suppose that when a machine is adjusted properly 50% of the items produced by it are of high quality and the other 50% are of medium quality. Suppose explain however, that the machine is improperly adjusted during 10% of the time and that, under these conditions, 25% of the items produced by it are of high quality and 75% are of medium quality.

(a) Suppose that 5 items by the machine at a certain time are selected at random and inspected. If four of these items are of high quality and one item is of medium quality, illustrate what is the probability that the machines were adjusted at that time?

(b) Suppose that one additional item, which was produced by the machine at the same time as the other five items is selected and found to be of medium quality. Illustrate what is the new posterior probability that the machine was properly adjusted?

Reference no: EM13113248

Questions Cloud

How chance of maintaining a relationship going forward : Write a formal letter using block style. Tell the customer there will be no refund but do so in a "you-oriented" way in which you have a chance of maintaining a relationship going forward.
What is the maximum amount of ammonia formed : For the following reaction, 5.21 grams of nitrogen gas are allowed to react with with 5.51 grams of hydrogen gas.nitrogen (g) + hydrogen (g) ammonia (g),What is the maximum amount of ammonia that can be formed.
Illustrate what is your economic engine : llustrate what you (the industry) are most passionate about. Illustrate what you can be best in the world at. Illustrate what is your economic engine?
How long the guarantee be-free lube and oil change service : If the shop does not want to give more than 1% of its customers a free lube and oil change service, how long should the guarantee be?
Illustrate what is the new posterior probability : Suppose that one additional item, which was produced by the machine at the same time as the other five items is selected and found to be of medium quality. Illustrate what is the new posterior probability that the machine was properly adjusted?
Industry then conclude with a specific recommendation : Suppose you work in the procurement department of a small aerospace parts manufacturer. Your industry builds switches and relays used in airplanes to control heating and ventilation systems.
Calculate amount of energy : What amount of energy is required to completely ionize 29.9 grams of carbon atoms in the gas phase (C(g)) if the ionization energy of C(g) is 1086 kJ/mole.
Explain the differences among public-key encryption : Explain which method you would use for e-mail sent from a field sales office to corporate headquarters. Suppose that the e-mail regularly comprises highly confidential information about upcoming sales opportunities.
Describe the shape of the sampling distribution : What is the standard deviation of the sampling distribution of p(hat) the proportion of all rolls of the die that show a 1 or a 2? 3.) describe the shape of the sampling distribution of p(hat).

Reviews

Write a Review

Business Management Questions & Answers

  Illustrate what is the return on equity of the organization

arnings are expected to grow at 6% per year. The risk free rate is 6% also the return on the market portafolio is 6%. If Industry X is valued at $ 80 million. Illustrate what is the return on equity of the organization? also,

  Analyze the company''s financial performance

Analyze the company's financial performance to determine the link between the company's strategic goals, strategy, and its financial performance.

  Differences between profit and nonprofit

What do you imagine are the major differences in policies, culture and personal motivation between the profit-making and non-profit world?

  How does profitability help in management decision making

Why is the ratio of debt and equity so important to banks/bankers before issuing a loan

  Stakeholder versus shareholder debate

Find two articles no older than 2002 on the stakeholder versus shareholder debate. Identify three arguments for each side from the articles.

  Pr communications process analysis

Select an organization that regularly communicates to its external publics. Analyze the effectiveness of its communications procedure and the impact of effective communications to its external rules.

  Discuss the role of policy analysis in policy modification

Discuss the role of policy analysis in policy modification. Comprise brief descriptions of three federal agencies which support policymaking through policy analysis.

  Differences with social rights and political rights

Explain what are some similarities and differences with social rights and political rights and Can you provide some issues from the news that exemplifies human

  Why you chose this bank over your other two top choices

Write a paragraph containing at least three sentences which Expresss the bank you would choose as well as the specific accounts you would utilize there. You should also explain why you chose this bank over your other two top choices.

  Forces influence the organization-s structure and culture

In what way does the need to manage these forces influence the organization's structure and culture?

  Show employee and management training

Show do you feel that the employees and managers should train side-by-side so employees can feel more at ease knowing it is not all new to them only?

  Decision-making software advertised by a company

How is this software designed to help with decision-making - What method does it use and Do you think that this software would help improve decision-making

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