Probability based on defective product
A machine makes a product, with 5% of units having faults. In a sample of 20 units, what is the probability that at least 1 is defective? In a sample of 200 units, what is the probability that at least 10 are defective?
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Faith inherited an undivided interest in a parcel of land from her father on February 15, 2012. Her father had purchased the land on August 25,1965, and his basis for the land was $325,000.
A set of observations follow a Normal distribution with mean 40 and standard deviation 4. What proportions of observations have values: (a) greater than 46, (b) less than 34, (c) between 34 and 46, (d) between 30 and 44, (e) between 43 and 47?
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Because the sample size is 64, do you need to be concerned about the shape of the population distribution when conducting the t test in (a)? Explain.
During a busy period at an airport, planes arrive at an average rate of 10 an hour. What is the probability distribution for the number of planes arriving in an hour?
100 trials are run for a Poisson process. If the probability of a success is 0.02, what are the mean number of successes and the standard deviation? What is the probability distribution for the number of successes? What is the probability of at le
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