Solved: Evaluate the probability, Suppose that you wish to calculate the probability that the, Basic Statistics

+44 141 628 6080
[email protected]

Evaluate the probability

A large shipment of computer chips is known to contain 8% defective chips. Suppose you select 500 chips at random.

(a) What distribution does the number of defective chips in the sample of 500 satisfy? (Please characterize its relevant parameters.)

(b) Suppose that you wish to calculate the probability that the number of defective chips in the sample is exactly 50. Write the exact formula for this number, but you are NOT required to evaluate the probability.

(d) What is the standard deviation of the number of defective chips in the sample?

View Complete Question

Solution Preview :

Prepared by a verified Expert

Basic Statistics: Evaluate the probability

Reference No:- TGS0682414

Now Priced at $20 (50% Discount)

Recommended (92%)

Rated (4.4/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Basic Statistics

Q : Simon construction company

Simon Construction Company%u2019s management is concerned that costs are higher than anticipated. Managers had expected the cost of completed jobs.

Q : What value of n guarantees that y-n is within true fraction

A random sample of n items is to be selected from a large lot, and the number of defectives Y is to be observed. What value of n guarantees that Y/n will be within .1 of the true fraction of defectives, with probability .95?

Q : Probability based on automatic dispensing machines

Two automatic dispensing machines are being considered for use in a fast-food chain. The first dispenses an amount of liquid that has a normal distribution with a mean of 11.9 ounces and a standard deviation of 0.07 ounces.

Q : Prepare junes direct materials purchases budget

Prepare June's direct materials purchases budget for Marino's Frozen Pizza Inc. When required, enter unit prices to the nearest cent.

Q : Evaluate the probability

Suppose that you wish to calculate the probability that the number of defective chips in the sample is exactly 50. Write the exact formula for this number, but you are NOT required to evaluate the probability.

Q : Net income under absorption costing would be

Canyon reported $106,000 of net income for the year by using variable costing. The company had no beginning inventory, .and actual production of 50,000 units

Q : What is the total value of the work in process

In May, overhead was overapplied by $300. The company adjusts its cost of goods sold every month for the amount of the overhead that was underapplied or overapplied.

Q : What is the target cost per opener

A company believes it can sell 10,000,000 units of its proposed new garage door opener at a price of $100 each. If the company desires to make a profit of 40% of selling price on the garage door opener, what is the target cost per opener?

Q : Find probability that salad has more than five vegetables

A restaurant chef prepares a tossed salad containing, on average, 5 vegetables per day. Find the probability that the salad contains more than 5 vegetables on 3 of the next 4 days?

1955181

Questions
Asked

3,689

Active Tutors

1459184

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Solution Preview :

Prepared by a verified Expert

Basic Statistics: Evaluate the probability

Reference No:- TGS0682414

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Simon construction company

Q : What value of n guarantees that y-n is within true fraction

Q : Probability based on automatic dispensing machines

Q : Prepare junes direct materials purchases budget

Q : Evaluate the probability

Q : Net income under absorption costing would be

Q : What is the total value of the work in process

Q : What is the target cost per opener

Q : Find probability that salad has more than five vegetables

Checks on the powers of the u.s. supreme court

Advocating for a policy proposal

Globalism is the ideology that economic and foreign policy

What conclusions can be reached about the ideological bias

Examine stakeholders that play a role in migration

What are two powers of the president of the united states

Discussion about position supported by u.s. english

Solution Preview :

Prepared by a verified Expert

Basic Statistics: Evaluate the probability

Reference No:- TGS0682414

Recent Questions Asked Basic Statistics

Q : Simon construction company

Q : What value of n guarantees that y-n is within true fraction

Q : Probability based on automatic dispensing machines

Q : Prepare junes direct materials purchases budget

Q : Evaluate the probability

Q : Net income under absorption costing would be

Q : What is the total value of the work in process

Q : What is the target cost per opener

Q : Find probability that salad has more than five vegetables

Asked Questions