Question
The following question needs answering. Please help. Make sure to include a tree diagram. Two factories manufacture computer memory chips. Suppose that 20% of the
The following question needs answering. Please help. Make sure to include a tree diagram.
Two factories manufacture computer memory chips. Suppose that 20% of the chips from Factory I are defective and that 5% of the chips from Factory II are defective. Each week Factory I produces four times as many chips as Factory II. It is important to use a tree diagram.
(a) What is the probability that a randomly selected chip is satisfactory?
(b) What is the probability that a randomly selected chip is defective?
(c) Given that the chip is defective, what is the probability that it came from Factory I?
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
