Probability that first or the second products are failures

Assignment Help Engineering Mathematics
Reference no: EM13822885

A company is considering producing two new products. Based on past records, management believes that there is 70% chance that the first product will be successful, and a 50% chance that the second product will be successful. As these products are completely different, it may be assumed that the success of one is totally independent of the other.

a. If the two products are introduced to the market, what is the probability that both are failures?

b. What is the probability that first or the second products are failures?

c. What is the probability that neither is a failure?

Reference no: EM13822885

Questions Cloud

What protective measures can be used to control exposure : Organic solvents are a family of compounds that are used extensively in industry. List some examples of organic solvents, and discuss how they are hazardous and what protective measures can be used to control exposure.
Computing the probability : Compute the probability that more than 1200 units are ordered in one week.
Professional decision related to the aircraft industry : In one page, describe some professional decision situations you have encountered related to the aircraft or aerospace industry that required judgment (not merely calculation)
Estimate the probability that demand : Demand for a product is normally distributed with mean demand equal to 200 units. There is a 0.95 probability that demand for this produce is between 180 to 220 units. Estimate the probability that demand for this product will exceed 195 units?
Probability that first or the second products are failures : a. If the two products are introduced to the market, what is the probability that both are failures? b. What is the probability that first or the second products are failures? c. What is the probability that neither is a failure?
What is the probability that exactly : What is the probability that exactly 1 of 10 cars experience breakdown: Use the Binomial Probability tables.
What is the displacement of the cross-country team : Define what Displacement is. What is the displacement of the cross-country team if they begin at the school, run 10 miles and finish back at the school
Number of consumer complaints : The following table contains the number of consumer complaints received in a Publix market in Hollywood, Florida.
Describe one way in which comic strips and films are similar : Describe one way in which comic strips and films are similar and two ways in which they differ.

Reviews

Write a Review

Engineering Mathematics Questions & Answers

  Distributed random variables

Daily Airlines fies from Amsterdam to London every day. The price of a ticket for this extremely popular flight route is $75. The aircraft has a passenger capacity of 150.

  Problem ragarding the sampling design

Using the scenario and two variables your learning team developed for the Week 2 Business Research Project Part 1 assignment, create a paper of no more than 700 words in which the goal is to submit a random sampling plan in such detail that anothe..

  The least squares equation regression equation issues

What is the chi squared statistic for the given information?

  Asuming that both mobile and galveston have infinite

a sunco oil produces oil at two wells. well 1 can produce as many as 150000 barrels per day and well 2 can produce as

  Standard deviation for the average time issues

What is the probability that a randomly selected fertilized chicken egg hatches in less than 20 days?

  Evaluate function when f is u-u continuous

Evaluate function when f is U-U continuous.

  Determine structure constants relative to the standard basis

Where denotes the usual cross product of vectors. Sow that L is a Lie algebra and determine its structure constants relative to the standard basis for R3.

  Calculate and interpret the profit variance

Calculate and interpret the profit variance and calculate and interpret the revenue variance - How are the variances calculated above related?

  A company manufactures three models of a certain product

1. a company manufactures three models of a certain product. each model has to go through three different operations

  Example of a firm where the pm dispensed

The chapter includes an example of a firm where the PM dispensed with all the planning formality because no one ever looked at it anyway. What did the PM think the purpose of such planning was in this firm? What should the firm do in the future ..

  Efficiency and effectiveness metric

Choose any of the Perspective boxes in this chapter or the opening case. Then, identify and describe at least seven metrics that could be used to measure the success of the IT systems in your chosen example. For each metric, categorize it as eit..

  Measure the quantities of the footing

Measure the quantities of the following items in the following drawing: Do not round the numbers in the middle of calculation. Write two decimal places to show the numbers used in your calculations procedures.

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