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Q: Business Statistics ( No Answer,   2 Comments )
Question  
Subject: Business Statistics
Category: Business and Money
Asked by: kh7777-ga
List Price: $5.00
Posted: 05 May 2005 22:07 PDT
Expires: 04 Jun 2005 22:07 PDT
Question ID: 518353
The proportion of defectives in a mass produced item is 5%
What is the probability that a random sample of 10 of these items will
contain at most 2 defectives?
Answer  
There is no answer at this time.

Comments  
Subject: Re: Business Statistics
From: endersgame-ga on 05 May 2005 23:21 PDT
 
This is just like the previous problem, except the 'at most' means
that you have to add the probabilities of getting 0 defectives, 1
defective, and 2 defectives.

Again, the general formula is
nCx*(p^x)*[(1-p)^(n-x)]  I'll leave x blank since we'll be plugging in
3 different values for it.

10Cx*(.05^x)*[(.95^(10-x)]

At x=0, this gives: .5987
At x=1, this gives: .3151
And, as we saw earlier, at x=2: .0746

The sum is then: .9884 = 98.84%

Hope this helps!
Subject: Re: Business Statistics
From: kh7777-ga on 16 May 2005 19:50 PDT
 
It helps heaps - I didnt know I had to add them.
thanks so much for your help.

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