Probability that lot of ten percent defective be accepted

Assignment Help Basic Statistics

Reference no: EM13149050

Seiko purchases watch stems in lots of 10,000. Seiko's sampling plan calls for checking 20 items, and if 3 or fewer are defective, the lot is accepted. Based upon their sampling plan, what is the probability that a lot of 10 percent defective will be accepted?

Reference no: EM13149050

Questions Cloud

Discuss the advantages and disadvantages of hydrogenation : Describe the process of fat hydrogenation and discuss the advantages and disadvantages of hydrogenation.

Show the calculation for the percent yield : show the calculation for the percent yield of K3[Fe(C2O4)3].3H2O using your actual yield and the theoretical yield

What can a manager do to overcome this problem : When a worker announces that she plans to quit, say next month, the threat of being fired is generally not credible. The worker may find it in her interest to shirk. What can a manager do to overcome this problem?

Determining income statement for subscriptions revenue : In November and December 2007, ABC Company received $75,000 for 1,000 three-year subscriptions at $25 per year starting with the January 2008 issue. What amount should ABC report in its 2007 income statement for Subscriptions Revenue

Probability that lot of ten percent defective be accepted : If 3 or fewer are defective, the lot is accepted. Based upon their sampling plan, what is the probability that a lot of 10 percent defective will be accepted?

Paid-in capital at the end : Poodle Corporation was organized on January 3, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2011, Poodle had the following transactions relating to shareholders' equity:

When an incumbent maintains a price below the monopoly price : When an incumbent maintains a price below the monopoly price in order to prevent entry. The act of charging a low price initially upon entering a market to gain market share.

Firm predetermined overhead rate : Calculate the firm's predetermined overhead rate for the year. Prepare journal entries to record the events described above.

Amount of dividends common shareholders : The shareholders' equity of Green Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $50,000 in 2011 after paying $20,000 cash dividends in..

User Account

All Pages