Solution-Probability-sample will lead ziteck to accept the

Probability-sample will lead ziteck to accept the shipment

Assignment Help Basic Statistics

Reference no: EM131651892

Question: The Ziteck Corporation buys parts from international suppliers. One part is currently being purchased from a Malaysian supplier under a contract that calls for at most 5% of the 10,000 parts to be defective. When a shipment arrives, Ziteck randomly samples 10 parts. If it finds 2 or fewer defectives in the sample, it keeps the shipment; otherwise, it returns the entire shipment to the supplier.

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.

Reference no: EM131651892

Questions Cloud

Define your current perspective on this controversy : discussion on the controversy that exists in our field related to the monist and dualist positions

An analysis of the key stakeholder positions : The purpose of the meeting, key participants, key agenda items, and meeting logistics. Background information and a description about the committee.

Which probability of success yielded symmetric distribution : Calculate the probability of each value of the random variable for the probability of a success equal to (1) 0.1, (2) 0.25, (3) 0.50, (4) 0.75, and (5) 0.9.

Happens to total output in percent : What happens to total output in percent? The rental price of capital? The real wage?

Probability-sample will lead ziteck to accept the shipment : Suppose the supplier is actually sending Ziteck 10% defects. What is the probability that the sample will lead Ziteck to accept the shipment anyway?

You are the marketing or pricing director : You are the marketing or pricing director for a large firm. By spending $8.5 million in research and development, your firm has developed a product for treating

What role do genetics and the environment play : How are they similar. What role do genetics and the environment play in the occurrence and prevalence of each disorder

Why the topic is of interest from ksa point of view : Why the topic is of interest from KSA point of view? What are the benefits to the academic as well as the business world?

Continue operations beyond an optimum point : How if the government requires them to produce a certain output, like if the firm is the only airline flying between point A & B and consumers

User Account

All Pages

Probability-sample will lead ziteck to accept the shipment

Reference no: EM131651892

Reference no: EM131651892

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT