What is the probability that the shipment will be rejected

Assignment Help Basic Statistics
Reference no: EM131404162

Unknown to a quality-control inspector, 20% of a very large shipment of electric switches are defective.

The inspector has been told to reject the shipment if, in a sample of 15 switches, 2 or more are defective. What is the probability that the shipment will be rejected?

Reference no: EM131404162

Questions Cloud

Probability that there will be at least 3 republicans : A town council includes 10 Democrats and 15 Republicans.- What is the probability that there will be at least 3 Republicans on the committee?
What position in futures contracts should it take : Suppose that the company changes its mind and decides to increase the beta of the portfolio from 1.2 to 1.5. What position in futures contracts should it take?
How would you convince these physicians to change : Suppose you are in a leadership role in your hospital, and data reveal that the majority of physicians do not comply with evidence-based guidelines. Your job is to convince them to change. How will you do it? How would you analyze the problem? Wha..
Calculate a minimum variance hedge ratio : The following table gives data on monthly changes in the spot price and the futures price for c certain commodity. Use the data to calculate a minimum variance hedge ratio.
What is the probability that the shipment will be rejected : The inspector has been told to reject the shipment if, in a sample of 15 switches, 2 or more are defective. What is the probability that the shipment will be rejected?
Analyze the drive quality in health care : In your paper, be sure to support your ideas with examples and references from your research sources, such as books, articles, the Internet, or personal experience. Cite references in a Reference page at the end following APA format. As always fol..
What strategy should the investor follow : The investor is interested in hedging against movements in the market over the next month and decides to use the September Mini S&P 500 futures contract. The index is currently 1,500 and one contract is for delivery of 550 times the index. The bet..
Research one such reported incident prepare a report : Search the web for news on computer security breaches that occurred during April-August 2016. Research one such reported incident. Prepare a report focusing on what the problem was, how and why it occurred and what are the possible solutions.
What strategy should the beef producer follow : The producer wants to use the December live-cattle futures contracts to hedge its risk. Each contract is for the delivery of 40,000 pounds of cattle. What strategy should the beef producer follow?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

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

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING 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