Business, 18.10.2021 23:00 lilie080202

The quality control director of a small company that manufactures exercise equipment knows that 10%of their products are defective. Market research shows that only 30% of their customers will use the product in the first year after the sale. So, the manufacturer expects that 3% of the units will be returned for service under a one-year full warranty. This company expects to sell 600 units next year. (This problem is based on data from an actual company.) a. Describe the sampling distribution of p, the proportion of the 600 units that will be returned for service.
b. What is the probability that more than 3% of the 600 units will be returned for service?
c. What is the probability that between 2% and 3.5% of the 600 units will be returned for service?
d. What is the probability that more than 5% of the 600 units will be returned for service?
e. Would It be unusual if In a random sample of 600 units 5% were returned for service & why?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 12:00

In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:

Answers: 2

Answer

Business, 22.06.2019 19:30

Fly-by products, inc. operates primarily in the united states and has several segments. for the following segment, determine whether it is a cost center, profit center, or investment center: international operations- acts as an independent segment responsible for all facets of the business outside of the united states. select one: a. cost center b. profit center c. investment center

Answers: 2

Answer

Business, 22.06.2019 22:00

Indicate whether each of the following companies is primarily a service, merchandise, or manufacturing business. if you are unfamiliar with the company, use the internet to locate the company's home page or use the finance web site of yahoo. 1. alcoa inc. 2. boeing 3. caterpillar 4. citigroup inc. 5. cvs 6. dow chemical company 7. ebay inc. 8. fedex 9. ford motor company 10. gap inc. 11. h& r block 12. hilton hospitality, inc. 13. procter & gamble 14. suntrust 15. walmart stores, inc.

Answers: 3

Answer

Business, 23.06.2019 00:30

5. if you were to take a typical payday loan for $150, with an interest rate of 24.5% due in full after two weeks, what is the total amount you would have to repay? a. $186.75 b. $174.50 c. $157.33 d. $153.67

Answers: 1

Answer

You know the right answer?

The quality control director of a small company that manufactures exercise equipment knows that 10%o...

Questions