Probability that randomly selected part is defective

Assignment Help Operation Management
Reference no: EM131756506

The Wayne Manufacturing Company purchases a certain standard part from three different suppliers: A, B, and C. Supplier A supplies 60% of the demand for these parts, B supplies 30%, and C supplies 10%. The quality of parts varies among the suppliers, with suppliers A, B, and C having reject rates of 0.25%, 1%, and 2%, respectively.

What is the probability that a randomly selected part is defective?

If a defective part is found, which supplier is the most likely source?

Reference no: EM131756506

Questions Cloud

Different incomes and different tastes : If Jack and Jill have different incomes and different tastes but shop at the same store for x and y, explain if and why their marginal rates of substitution.
Write client letter for the same tax research question : How do I write client letter for the same tax research question
Compute the fair value through profit or loss model : Indicate whether each of the above investments should be accounted for using the cost model, the fair value through profit or loss model, or the equity method.
Perfectly elastic demand curve : Why does a firm in a perfectly competitive industry face a perfectly elastic demand curve?
Probability that randomly selected part is defective : What is the probability that a randomly selected part is defective?
Calculate the percentage of sales estimated : Calculate the percentage of sales estimated to be uncollectible in 2018. Enter your answer as number followed by the % symbol
What happens to the isoquant you drew : A change in technology results in the production function becoming: Q = 10K^.7L^.3. If the firm employs 3 workers, how many machines
Anonymously reporting accounting improprieties : You work for a metal fabrication company that has a trustworthy system for anonymously reporting accounting improprieties within the company.
Evaluate publicly available tools that provide data : Identify and evaluate publicly available tools that provide data and assist in formulating the basic shapes of demand and supply curves.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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