Probability that lot of ten percent defective be accepted

Assignment Help Basic Statistics
Reference no: EM13149050

Seiko purchases watch stems in lots of 10,000. Seiko's sampling plan calls for checking 20 items, and if 3 or fewer are defective, the lot is accepted. Based upon their sampling plan, what is the probability that a lot of 10 percent defective will be accepted?

Reference no: EM13149050

Questions Cloud

Discuss the advantages and disadvantages of hydrogenation : Describe the process of fat hydrogenation and discuss the advantages and disadvantages of hydrogenation.
Show the calculation for the percent yield : show the calculation for the percent yield of K3[Fe(C2O4)3].3H2O using your actual yield and the theoretical yield
What can a manager do to overcome this problem : When a worker announces that she plans to quit, say next month, the threat of being fired is generally not credible. The worker may find it in her interest to shirk. What can a manager do to overcome this problem?
Determining income statement for subscriptions revenue : In November and December 2007, ABC Company received $75,000 for 1,000 three-year subscriptions at $25 per year starting with the January 2008 issue. What amount should ABC report in its 2007 income statement for Subscriptions Revenue
Probability that lot of ten percent defective be accepted : If 3 or fewer are defective, the lot is accepted. Based upon their sampling plan, what is the probability that a lot of 10 percent defective will be accepted?
Paid-in capital at the end : Poodle Corporation was organized on January 3, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2011, Poodle had the following transactions relating to shareholders' equity:
When an incumbent maintains a price below the monopoly price : When an incumbent maintains a price below the monopoly price in order to prevent entry. The act of charging a low price initially upon entering a market to gain market share.
Firm predetermined overhead rate : Calculate the firm's predetermined overhead rate for the year. Prepare journal entries to record the events described above.
Amount of dividends common shareholders : The shareholders' equity of Green Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $50,000 in 2011 after paying $20,000 cash dividends in..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Interpreting different results of hypothesis testing

A public health researcher tested the hypothesis that providing new car buyers with child safety seats will also act as an incentive for parents to take other measures to protect their children

  Write the example of statistics from news

Write the example of statistics in news to explain the following statement which represents one of the objectives of statistics analysis: "Statistics assists us make decisions.

  Find the probability that the individual has the disease

Patient does not have disease occurs 1% of the time. If a randomly selected individual is positive what is the probability that the individual has the disease?

  What sample size needed for estimate percentage points

What sample size would be needed for the estimate to be within 1.5 percentage points with 90% confidence if you do not have a prior estimate?

  Binomial probability of questionnaires

The president of an agency specializing in public opinion surveys claims that approximately 70% of all people to whom the agency sends questionnaires responds by filling out an returning the questionnaire.

  Measures of the change in test scores

Create one table that calculates summary measures of the change in test scores and income variables across all 80 schools.

  P-value approach to test the hypotheses

Using the  p- value approach, test the hypotheses at the 5% level of significance.

  Expected value of the time

Given that a Brand A battery just failed, what is the expected value of the time we wait until the next Brand B failure?"

  Explain pareto distribution of random variable

A random variable X has the Pareto (α, θ) distribution (where α > 0, θ > 0) if F_X(x) = 1 - (θ/(θ+x))^α for x ≥ 0. For a fixed d > 0, let Y = X-d | X >d. Calculate F_Y(y) and EY.

  Probability of rolling of the die

A person rolls a pair of six-sided dice, which are equally likely to come up any number from 1 to 6. If the person rolls a seven he gets $0.

  A regression and correlation analysis

Multiple choice questions based on regression - A regression and correlation analysis resulted in the following information

  Find probability that first box fails and second box passes

One more box is tested, and if that passes, all bulbs made that day will pass. Find probability that first box fails and second box passes.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd