Calculate the probability of getting all defective

Assignment Help Basic Statistics
Reference no: EM131853803

During 1989, a certain trucking company purchased 500 tires from a local dealer. The dealer guaranteed the tires to withstand loads of up to 100,000 pounds at speeds up to 55 mph. The drivers for the trucking company complained that the tires were not living up to this guarantee and were failing the first trip they were used. The trucking company decided to sample the tires and send them to an engineering firm for testing. This testing is expensive and destructive; therefore, the sample size to be tested must be carefully chosen. Construct a sampling plan for the company by doing the following:

(a) Calculate the probability of getting all defective tires in samples of size 25, 30, and 50 for p = 0.80, 0.90, 0.95, and 0.99, where pis the probability that an individual tire will fail. (Use the binomial distribution.)

(b) Graph these probabilities against p for the various values of n on the same graph. Use this graph to suggest a sample size.

Reference no: EM131853803

Questions Cloud

Lower interest rate risk then do short-term bonds : Long-term bonds have lower interest rate risk then do short-term bonds. Long-term bonds have lower reinvestment rate risk then do short-term bonds.
List three circumstances that will require planning in him : What is the purpose of performance standards?How can the human resource department assist the HIM department managers/supervisors?
What is the probability that a person buying one ticket : (a) What is the probability that a person buying one ticket will win the grand prize?
Complete the marketing and sales section of your plan : This Assignment requires you to complete the marketing and sales section of your plan (section five in the template in Course Resources) using the SBA site.
Calculate the probability of getting all defective : Calculate the probability of getting all defective tires in samples of size 25, 30, and 50 for p = 0.80, 0.90, 0.95, and 0.99, where pis the probability
Single-sample acceptance sampling for attributes : Single-sample acceptance sampling for attributes uses a procedure similar to that of Exercise 19. Suppose that a sampling plan for accepting
Non annual compounding-lump sum payment : How much will be in the account immediately after you make the first withdrawal? How large must the deposit be?
What the project hopes to accomplish : Identify at least 4 different stakeholders; for each, list at least 2 things that the stakeholder requires in order to deem the project successful.
Discuss the given important concepts : From the book Common Sense Economics, Discuss the important concepts (3) below and present in PowerPoint. Prices bring the choices of buyers and sellers.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Willow brook national bank operates a drive-up

1. Willow Brook National Bank operates a drive-up teller window that allows customers to complete bank transactions without getting out of their cars. On weekday mornings, arrivals to the drive-up teller window occur at random, with an arrival ..

  The equation of the estimated regression line that relates

to determine whether the cash bonus paid by a company is related to annual pay data were gathered for 10 account

  Calculate interquartile range for the data set

Assume the data set is a population. Calculate the range, variance, standard deviation, and interquartile range for the data set.

  What is the estimated probability that someone is optimistic

Compute a 0.95 confidence interval for the true probability using the R function binomci. What is the estimated probability that someone is optimistic, given that the person has a low income?

  A new no-frills airline runs a commuter shuttle service

a new no-frills airline runs a commuter shuttle service using a refurbished world war ii bomber. the two-propeller

  Generate the appropriate anova table

a. Use Excel to generate the appropriate ANOVA table. b. At the 5% significance level, is there interaction between fuel type and hybrid type?

  Purchase a stereo system at a local store

You are about to go shopping to purchase a stereo system at a local store. Upon reading the newspaper, you find that another stereo store across town has the system you are interested in for $1089.99. You had been planning to spend $1099.95, the b..

  Does alcohol consumption cause increased cravings cigarettes

Those who had consumed the vodka tonics had 35% more cravings than those who did not. Assuming that the assignment of subjects to the treatment (vodka) and control groups was made at random, do you think there are any confounding factors that would..

  Total number of defects on the five bolts

what is the probability that the total number of defects on the five bolts will be af least 6?

  An exponential distribution with mean

This airplane will be obsolete in 1 year, so all production of the spare part is to take place at present. The production costs now are $1,000 per item-that is, c 1,000-but they become $10,000 per item if they must be supplied at later dates-that ..

  Performance of the comapany stock investments

In studying the performance of the comapany's stock investments over the past year, the research manager of a mutual fund company finds that only 43% of the stocks returned more than the rate that had been expected at the beginning of the year.

  Conditional probability that this color is red

Conditional on the fact that all six chosen balls are the same color, what is the conditional probability that this color is red?

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