A process is known to produce 5 nonconforming items A sample of 40 items is selected from the process (a) What is the distribution of the nonconforming items in the sample (b) Find the probability of obtaining no more than 3 nonconforming items in the sample (c) Using the Poisson distribution as an...

a Binomial distribution n 40 p 005 b c Using the P ...

A process is known to produce 5% nonconforming items. A sample of 40 items is selected from

Question:

A process is known to produce 5% nonconforming items. A sample of 40 items is selected from the process.
(a) What is the of the nonconforming items in the sample?
(b) Find the probability of obtaining no more than 3 nonconforming items in the sample.
(c) Using the Poisson as an approximation to the binomial, calculate the probability of the event in part (b).
(d) Compare the answers to parts (b) and (c). What are your observations?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...