A company receives a very large shipment of mobile phones. A random sample of 22 of these
Question:
A company receives a very large shipment of mobile phones. A random sample of 22 of these mobile phones will be checked, and the shipment will be accepted if only one or none of these components do not meet the required specifications. What is the probability of accepting a shipment containing each of the following number of defectives?
a. 2%
b. 5%
c. 3%
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (18 reviews)
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Statistics For Business And Economics
ISBN: 9781292315034
9th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
Question Posted:
Students also viewed these Statistics questions
-
A company receives a very large shipment of components. A random sample of 16 of these components will be checked, and the shipment will be accepted if fewer than 2 of these components are defective....
-
Refer to Problem 12-1. (a) What is the probability of accepting H 0 if 2 is 4 times the error variance 2 ? (b) If the difference between looms is large enough to increase the standard deviation of...
-
A large shipment of radios is accepted upon delivery if an inspection of 10 randomly selected radios yields no more than 1 defective radio. a. Find the probability that this shipment is accepted if...
-
1. Calculate the density of O2, in g/L, at STP. 1.62 g/L b. 0,714 g/L 1.43 g/L. d. 1.14 g/L e. 0.810 g/L a. .
-
Discuss two approaches to viewing the sources of authority.
-
What is the upper-tail critical value from the chi-square distribution if you use the Kruskal-Wallis rank test for comparing the medians in six populations at the 0.01 level of significance?
-
Using the other quality and outcomes metrics discussed in this chapter, list other websites and databases that may provide additional information on the hospital organizations in your community.
-
( GAAP Terminology) Wayne Rogers, an administrator at a major university, recently said, Ive got some CDs in my IRA, which I set up to beat the IRS. As elsewhere, in the world of accounting and...
-
Background It is January 2020 and you have just been hired as the Chief Financial Officer for Chen and Sons Inc., a diversified corporation that has just finished a very fast-paced, dynamic year....
-
Recognition accuracy that measures the percentage of orders that are taken correctly is 86.8%. Suppose that you place order with the bot and two friends of yours independently place orders with the...
-
A company receives large shipments of parts from two sources. Seventy percent of the shipments come from a supplier whose shipments typically contain 10% defectives, while the remainder are from a...
-
A local car dealer in Germany is mounting a new cross divisional promotional campaign. Purchasers of new cases may, if dissatisfied for any reason, return the vehicle within 2 days of purchase and...
-
Write the sum in sigma notation. 1 + 2 + 3 + 4 + + 10
-
Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie's...
-
Euclid acquires a 7-year class asset on May 9, 2022, for $153,000 (the only asset acquired during the year). Euclid does not elect immediate expensing under 179. He does not claim any available...
-
Williams & Sons last year reported sales of $10 million, cost of goods sold (COGS) of $8 million, and an inventory turnover ratio of 2. The company is now adopting a new inventory system. If the new...
-
A ceramic manufacturer promised to deliver 25 crates of vases to a Japanese importer under a "CFR" INTERCOM agreement. During transit, however, a large number of vases were broken. The buyer wants to...
-
A company receives $364, of which $23 is for sales tax. The journal entry to record the sale would include a ?
-
Which of a forms events is triggered when you click the Close button on its title bar? a. FormClose b. FormClosing c. FormExit d. None of the above.
-
For each of the following transactions, indicate whether it increases, decreases, or has no effect on the following financial ratios: current ratio, debt-to-equity ratio, profit margin ratio, and...
-
A sample of 25 blue-collar employees at a production plant was taken. Each employee was asked to assess his or her own job satisfaction (x) on a scale of 1 to 10. In addition, the numbers of days...
-
Doctors are interested in the relationship between the dosage of a medicine and the time required for a patient's recovery. The following table shows, for a sample of 10 patients, dosage levels (in...
-
For a sample of 20 monthly observations, a financial analyst wants to regress the percentage rate of return (Y) of the common stock of a corporation on the percentage rate of return (X) of the...
-
ABC Company engaged in the following transaction in October 2 0 1 7 Oct 7 Sold Merchandise on credit to L Barrett $ 6 0 0 0 8 Purchased merchandise on credit from Bennett Company $ 1 2 , 0 0 0 . 9...
-
Lime Corporation, with E & P of $500,000, distributes land (worth $300,000, adjusted basis of $350,000) to Harry, its sole shareholder. The land is subject to a liability of $120,000, which Harry...
-
A comic store began operations in 2018 and, although it is incorporated as a limited liability company, it decided to be taxed as a corporation. In its first year, the comic store broke even. In...
Study smarter with the SolutionInn App