A factory estimates that 0.25% of its production of small components is defective. These are sold in

Question:

A factory estimates that 0.25% of its production of small components is defective. These are sold in packets of 200. Calculate the percentage of the packets containing one or more defectives.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Statistics Using Excel

ISBN: 9780199659517

2nd Edition

Authors: Glyn Davis, Branko Pecar

See More Books

Question Posted: Nov 25, 2023 04:43 AM

See More Questions

What operational changes would you recommend to Wally to improve performance? Wally Meyer deftly balanced his office keys and a large printout of forecasting data as he wheeled his mountain bike...
In the manufacturing of digital recording tape, each of 24 tracks is classified as containing or not containing one or more bits in error.
The Hampshire Company manufactures umbrellas that sell for $12.50 each. In 2014, the company made and sold 60,000 umbrellas. The company had fixed manufacturing costs of $216,000. It also had fixed...
Pick a company or brand or business on which to focus. What business is it inP Who are its direct and indirect competitors? Which in each category are the most relevant competitors?
Considering your own industry, what job-related or employee-related factors would you wish to know before selecting someone to be a project manager or a project engineer on an effort valued at: a....
Suppose that, in an attempt to induce citizens to conserve energy, the government enacted regulations requiring that all air conditioners be more efficient in their use of electricity. After this...
Calculating Present Value. Brenda Young desires to have $20,000 eight years from now for her daughters college fund. If she will earn 4 percent (compounded annually) on her money, what amount should...
Arroyo Corporation has 100,000 shares of $60 par common stock outstanding. On February 8, Arroyo Corporation declared a 6% stock dividend to be issued April 11 to stockholders of record on March 10....
Steve and Nancy Harrington are married and have six children. They file their tax returns jointly. Steve is a high school science teacher and head basketball coach and Nancy is a self-employed...
The average number of faults in a metre of cloth produced by a particular machine is 0.1. (a) What is the probability that a length of four metres is free from faults? (b) How long would a piece have...
In a machine shop the average number of machines out of operation is two. Assuming a Poisson distribution for machines out of operation, calculate the probability that at any one time there will be:...
Zhou Inc. operates a retail operation that purchases and sells snowmobiles, among other outdoor products. The company purchases all inventory on credit and uses a periodic inventory system. The...
How do cognitive biases such as confirmation bias, anchoring, and the availability heuristic influence the quality of decision-making within complex organizational contexts ?
What role do cognitive biases, such as confirmation bias and anchoring, play in perpetuating conflict, and how can awareness of these biases facilitate more effective conflict resolution strategies?
Were you surprised by the results? Do you agree with the results? How can you use this knowledge of your personal biases to inform your management strategies? How can the identified biases impact...
what ways do existing power structures perpetuate social stratification, and what are the socio-political ramifications of these dynamics ?
How do feedback loops and reflective practices contribute to continuous improvement and the refinement of teamwork dynamics over time ? Explain
The T accounts for plant assets and accumulated depreciation for LMN Company at the end of 20Ã7 are as follows: In addition, LMN Company's income statement shows a gain on sale of plant assets...
Which property determines whether a control is available to the user during run time? a. Available b. Enabled c. Unavailable d. Disabled
Two mutually exclusive alternatives are being considered. Both have a 10-year useful life. If the MARR is 8%, which alternative is preferred? A Initial cost Uniform annual benefit $100.00 $50.00...
Consider two mutually exclusive alternatives: If the MARR is 8%, which alternative should be selected? Year -$5000 -$5000 -3000 +2000 +4000 +2000 +4000 +2000 4 +4000 +2000 3.
Two mutually exclusive alternatives are being considered. If the minimum attractive rate of return is 8%, which alternative should be selected? Solve the problem by (a) Present worth analysis " (b)...
Jenny wanted to donate to her alma mater to set up a fund for student scholarships. If she would like to fund an annual scholarship in the amount of $6,000 and her donation can earn 5% interest per...
You would like to have a balance of $600,000 at the end of 15 years from monthly savings of $900. If your returns are compounded monthly, what is the APR you need to meet your goal?
Explain the importance of covariance and correlation between assets and understanding the expected value, variance, and standard deviation of a random variable and of returns on a portfolio.

A factory estimates that 0.25% of its production of small components is defective. These are sold in

Question:

Step by Step Answer:

To calculate the percentage of packets containing one or more defective components we can use the co...View the full answer

Business Statistics Using Excel

Students also viewed these Business questions