Probability of returning a shipment

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Reference no: EM13851321

Suppose you are receiving a large shipment of Gizmos. The manufacturing standards provide that 1% of Gizmos turn out defective. You randomly select a sample of n = 25 from each lot and return the shipment if more than 2 are found defective. The probability of returning a shipment is:

Reference no: EM13851321

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