Probability-defective items in shipment

Reference no: EM13101342

A shipment of 10 items has two defective and eight nondefective items. In the inspection of the shipment, a sample of items will be selected and tested. if a defective item is found the shipment of 10 will be rejected.

If a sample of 3 is selected what is the probability that the shipment will be rejected?
Use hypergeometric distribution

The following table is a partial probablity distribution for MRA company's projected profits for the first year of operation.

x f(x)

-100 .10

0 .20

50 .30

100 .25

150 .10

200 .05

What is the probability that MRA will be profitable?

What is the probability that MRA will make at least 100,000?

Reference no: EM13101342

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