Liwei has negotiated a deal with the vendor that an overall defect rate of 5% is acceptable. If more than 5% of the jars on a given skid are defective, Princess Foods Corporation does not have to pay for that shipment. If the defects are greater than 5%, that shipment is returned (at the shipper's expense). Princess Foods is attempting to gure out if they will need more glass jars due to the possibility of an increase in demand.12 samples of the product are randomly selected and tested. An overall defect rate of 5% is acceptable. According to the Binomial Probabilities table (seepage. 2 Appendix A). The probability of 34.13% that exactly one sample is defective. And 11.84% between two to ve inclusive samples are defective. Lastly, 98.05% that less than three samples are defective. The conclusion can be drawn. 98.05% of the time that 0-2 glass jars are defective. Question: What is the overall defect rate? There's a possibility of an increase in demand and therefore production. Will we need more glass jars