Explore BrainMass
Share

Explore BrainMass

    Parameters

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Acme plumbing supply just received a shipment of 5,000 stainless steel valves, but 50 regular steel valves were also sent. There is no way to tell the difference between the valves. A customer orders 5 stainless steel valves . What is the probability that one or more will be regular steel? What distribution will be used? What are the parameters? Represent the question as a probability statement? Calculate the probability?

    © BrainMass Inc. brainmass.com October 9, 2019, 3:25 pm ad1c9bdddf
    https://brainmass.com/statistics/binomial/parameters-4127

    Solution Preview

    This is a binomial distribution, which gives the discrete probability distribution of obtaining exactly n successes out of N trials.
    <br>The formula is given by: P(n|N)=[N!/n!(N-n)!] p^n (1-p)^(N-n)
    <br>Where n is the number of regular valves that ...

    Solution Summary

    The soltuion addresses Acme plumbing supply just received a shipment of 5,000 stainless steel valves, but 50 regular steel valves were also sent. There is no way to tell the difference between the valves. A customer orders 5 stainless steel valves . What is the probability that one or more will be regular steel? What distribution will be used? What are the parameters? Represent the question as a probability statement? Calculate the probability?

    $2.19