Random testing for probability

Assignment Help Basic Statistics

Reference no: EM13100619

A company has just manufactured 1295 CDs, and 492 are defective. If 10 of the CD's are randomly selected for testing, what is the probability of the entire batch will be accepted

Reference no: EM13100619

Questions Cloud

Quadratic revenue function : A quadratic revenue function often occurs in practice. The reason is that as more units are produced, the price must be lowered in order to sell them all.

Desired failure rate-reliability analysis-confidence levels : A "one-shot" device can be used only once; after use, the device (e.g. a nuclear weapon, space shuttle, automobile air bag) either is destroyed or must be rebuilt.

Calculate the average inventory level : A store faces a demand for one of its popular products at a cosntant rate of 4,500 units per year. It costs the store $120 to process an order to replenish stock and $30 per unit per year to carry the item in inventory.

The economically efficient rate of harvest : Can you find an example of natural resource policies (in the USA or elsewhere) that attempt to achieve efficient rates of harvest for renewable resources?

Random testing for probability : A company has just manufactured 1295 CDs, and 492 are defective. If 10 of the CD's are randomly selected for testing, what is the probability of the entire batch will be accepted

Profit earned in the manufacture : If profit earned in the manufacture and sale of X units of a product is P dollars where: P = 10X - 0.001X2

Discuss paretos principle : What is Pareto's Principle (or the 80-20 Rule), and what does it have to do with control? Why do many managers act like control freaks? Why do many managers micromanage so much?

Description of uniform probability distribution : Delta Airlines quotes a flight time of 2 hrs, 5 minutes for its flights from Cincinnati to Tampa. We belive that actual flight times are uniformly distriubted between 2 hours and 2 hours 20 minutes.

Strategic planning for the organization : Project management is a fundamental skill in an organization no matter what the economic climate. How does the current economic climate affect strategic planning for the organization as well as for project management?

User Account

All Pages