Economics An official from the securities commission estimates that 60% of all online bankers have profited from the use of insider information. Assume that 15
Economics An official from the securities commission estimates that 60% of all online bankers have profited from the use of insider information. Assume that 15 online bankers are selected at random from the commission's registry. Find the probability that 12 or fewer online bankers have profited from insider information. (Find the nearest answer.) a. 97.29% b. 60.20% c. 76.39% d. 87.32% e. 18.41% 2. Suppose that a large shipment of components contains 5% defectives. The following two acceptance rules are being considered for determining whether to take delivery of a shipment of components. Rule 1:A random sample of 3 components is checked, and the shipment is accepted only if none of them is defective. Rule 2: A random sample of 10 components is checked, and the shipment is accepted only if no more than 1 ofthem is defective. Which of these acceptance rules has the smaller probability of accepting a shipment? a. Rule 1 has the smaller acceptance probability than rule 2. b. The two rules have the same acceptance probability. c. Rule 2 has the smaller acceptance probability than rule 1. d. The information is not enough to compare them
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