The manufacturer of a tricycle for children has received complaints about defective: brakes in the product. According

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The manufacturer of a tricycle for children has received complaints about defective: brakes in the product. According to the design of the product and considerable: preliminary testing, it had been determined that the probability of the kind of defect in the complaint was 1 in 10000 (i.e., .0001). After a thorough investigation of the complaints, it was determined that, during a certain period of time, 200 products were randomly chosen from production and 5 experienced defective brakes.

(a) Comment on the "1 in 10,000" claim by the manufacturer. Use a probabilistic argument. Use the binomial distribution for your calculations.

(b) Do the work using the Poisson approximation.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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