Find probability that selected part is defective from vendor
Suppose we receive 75% of a certain part from Vendor A and 25% from Vendor B. Vendor As defect rate is 0.01 and Vendor Bs defect rate is 0.03. What is the probability that a randomly selected part will be a defective part from Vendor B?
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Vendor As defect rate is 0.01 and Vendor Bs defect rate is 0.03. What is the probability that a randomly selected part will be a defective part from Vendor B?
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How large a sample must one take to be 90% confident that the estimate is within 0.05 of the true proportion?
Waupaca Company establishes a $310 petty cash fund on September 9. On September 30, the fund shows $43 in cash along with receipts for the following expenditures:
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