Question
A local manufacturing company has a defect rate of 6% for its facility. What is the probability that when five items are selected from the
A local manufacturing company has a defect rate of 6% for its facility.
What is the probability that when five items are selected from the production line, NONE of them are defective?
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
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