Know about the probability of having 2 defectives

Assignment Help Finance Basics
Reference no: EM131857302

Choose an "appropriate" distribution in each case, with its parameters and explain your choice.

a. A manufacturer of computer disks has a historical defective rate of .001. They are interested to know about the probability of having 2 defectives in a batch of 1000 disks.

b. The library is interested in estimating the number of individuals who use the computers during the lunch hour. On the average 10 computers have been used by individuals during the lunch. Which probability distribution should they use?

c. The public school system is interested in examining the probability of a child being late to school. The child is categorized as either late or not late. What type of distribution should the school use to examine this issue if there 300 students in this school with .1 rate of a student being late at school?

Reference no: EM131857302

Questions Cloud

Explain the importance of selecting products : Explain the importance of selecting products from vendors that have a proven track record of product support as well as experience and integrity in honoring
Compare strengths and weaknesses of the competitive : Compare strengths and weaknesses of the competitive product or service compared to your chosen brand.
What is the number of columns in kids-in-sports : What is the number of columns in Kids_In_Sports? What is the number of rows in Cost_Of_Sports? What is the number of columns in Cost_Of_Sports?
Discuss the requirements of the employer mandate : Explain and discuss the requirements of the employer mandate.
Know about the probability of having 2 defectives : A manufacturer of computer disks has a historical defective rate of .001. They are interested to know about the probability of having 2 defectives in a batch
What is the break-even volume per evening performance : Last year's manager, Jim Freeland, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories.
What is the number of columns in tickets : What is the number of columns in Tickets? What kind of processing (row or column) would be needed to total the ticket sales by teams?
Does hotel chocolat have a social or ethical responsibility : What is the general strategy driving all other strategic initiatives at Hotel Chocolat? (Please refer to the Hotel Chocolat website as well.)
Differentiate the sexual response cycles of males and female : Differentiate the sexual response cycles of males and females. What are the differences between males and females, and what do they share in common?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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