Find probability there is one defective cd player by poisson
The rate of defects among CD players of a certain brand is 1.1%. Use the Poisson approximation to the binomial distribution to find the probability that among 240 such CD players received by a store, there is at most one defective CD player.
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The Whitton Company uses a discount rate of 16%. The company has an opportunity to buy a machine now for $18,000 that will yield cash inflows of $10,000 per year for each of the next three years. The machine would have no salvage value. The net pr
The sample mean of 155 randomly selected couples turned out to be 2.6 hours, with s = 1.8. Find the 95 percent confidence interval for the mean of the population.
A piece of equipment has a cost of $20,000. The equipment will provide cost savings of $3,500 each year for ten years, after which time it will have a salvage value of $2,500. If the company's discount rate is 12%, the equipment's net present valu
To see if his belief is substantiated, conduct the test at a suitable significant level. State the assumptions made. see if his belief is substantiated, conduct the test at a suitable significant level.
Use the Poisson approximation to the binomial distribution to find the probability that among 240 such CD players received by a store, there is at most one defective CD player.
The amount of overhead cost that the company applied to work in process for October was
Hart Company's labor standards call for 500 direct labor hours to produce 250 units of product. During October the company worked 625 direct labor hours and produced 300 units. The standard hours allowed for October would be:
In a genetics experiment 5 flowers out of 8 were bicolor, and the rest were solid color. If 3 of the flowers are selected at random without replacement, what is the probability that all 3 are bicolor?
• Describe the economic decisions underlying conservation and exploitation.
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