What is probability that this whole shipment will accepted

Assignment Help Financial Accounting
Reference no: EM133378415

Question: When purchasing bulk orders of batteries, a toy manufacturer uses this acceptance sampling plan: Randomly select and test 48 batteries and determine whether each is within speci?cations. The entire shipment is accepted it at most 3 batteries do not meet speci?cations. A shipment contains 3000 batteries, and 3% of them do not meet speci?cations. What is the probability that this whole shipment will be accepted? Will almost all such shipments be accepted. or will many be rejected? The probability that this whole shipment will be accepted is [1. (Round to four decimal places as needed} The company:r will accept Eh: of the shipments and will reject '19:: of the shipments. so 7 (Round to two decimal places as needed.)

Reference no: EM133378415

Questions Cloud

How deeply do customers relate to starbucks brand : How and how deeply do customers relate to the Starbucks brand? If you are a fan of Starbucks, how does their brand experience feel to you?
What are recommendations for the healthcare organization : Background information for Premier Health Partners After reviewing the Premier Health Partners financial operations report. What are recommendations for
Implementation of an audit committee to facilitate future : ADMS 4590 York University implementation of an Audit Committee to facilitate future audits. DD's CEO, Rhonda Olly, developed a proposal
Provide an example of how failure to follow whs policies : Provide an example of how failure to follow WHS policies and procedures can have a negative outcome
What is probability that this whole shipment will accepted : What is the probability that this whole shipment will be accepted? Will almost all such shipments be accepted. or will many be rejected
What type of competitive actions does it take with a product : What type of competitive actions does it take with a product it makes or a service it provides? (list at least 2) Does this product/service have a competitive a
Advertisement for specific market segmentation : Develop a billboard advertisement for a specific market segmentation that is customized to a diverse marketing mix on a public health issue.
Suppose national doughnut chain wants to test effect : Suppose a national doughnut chain wants to test the effect of four different discounts coupon.
What economic and industry risks are affecting this business : ACC 3502 Cambrian College What economic and industry risks are affecting this business? How would these risks affect the company's financial statements

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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