Question
A machine produces components whose lengths are normally distributed with mean 10.00mm and standard deviation 0.06mm. A component is acceptable if its length lies between
A machine produces components whose lengths are normally distributed with mean 10.00mm and standard deviation 0.06mm. A component is acceptable if its length lies between 9.89mm and 10.10mm. (i) Determine the probability that a component is acceptable. (ii)*Four components are picked up randomly, what is the probability that at least two of them are acceptable?
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
