What are the 4 characteristics of a binomial experiment? Can we use a binomial distribution to model this process? What is the probability that the entire batch unnecessarily has to be tested if in fact 95% of its laptops conform to specifications? (Hint: Use Excels =BINOMDIST() function to find the probability) What is the probability […]
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What is the probability that the batch is incorrectly accepted if only 75% of its laptops conform to specifications?
Week 3 Discussion Respond to the following discussion prompt in a minimum of 175 words: Many business activities generate data that can be thought of as random. An example described in the textbook is the servicing of cars at an oil change shop. Each car entering the shop can be considered an experiment with random […]
