Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A manufacturer from Syracuse produces motor boats, called Gliders , sold as the top - rated small boats by the industry. Only a flawless
A manufacturer from Syracuse produces motor boats, called Gliders sold as the toprated small boats by the industry. Only a flawless perfect boat will be sold as a Glider Due to the companys inspection standard, its production site finds a boat has a probability to be perfect for being badged as a Glider and a probability to be defective. The perfect Glider boats are highly praised by the industry testing groups and sold with a unit profit of $ per boat. A defective boat is initially inspected and later repaired to be sold as a Refurbished boat with a unit profit of $ per boat. In December a batch of boats from this production line is collected. Question B What is the probability that exactly boats from this December batch are perfect and badged as Gliders Question B What is the probability that there are no more than defective boats from this December batch? Question B What is the probability that this December batch can bring in a total profit of more than $
A manufacturer from Syracuse produces motor boats, called Gliders sold as the toprated small boats by the industry. Only a flawless perfect boat will be sold as a Glider Due to the companys inspection standard, its production site finds a boat has a probability to be perfect for being badged as a Glider and a probability to be defective. The perfect Glider boats are highly praised by the industry testing groups and sold with a unit profit of $ per boat. A defective boat is initially inspected and later repaired to be sold as a Refurbished boat with a unit profit of $ per boat. In December a batch of boats from this production line is collected.
Question B What is the probability that exactly boats from this December batch are perfect and badged as Gliders
Question B What is the probability that there are no more than defective boats from this December batch?
Question B What is the probability that this December batch can bring in a total profit of more than $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started