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Quantitative Analysis for management Using Binomial Probability

1. In a production run of 300 units, there are exactly 20 defective items and 280 good items.

(a) What is the probability that a randomly selected item is defective?
(b) If two items are sampled without replacement, what is the probability that both are good?
(c) If two items are randomly sampled without replacement, what is the probability that the first is good but the second is defective?

2. Colonel Motors (an automobile company) has prepared a marketing campaign for its best-selling car. The focus of the campaign is quality, and it is claimed that 97 percent of the purchasers of this car have no complaints in the first year. You and your sister Kim have each purchased one of these cars.

(a) What is the probability that neither of you has a complaint about the car in the first year if the advertising claim is true?
(b) What is the probability that exactly one of you has a complaint about the car in the first year if the advertising claim is true

Solution Preview

1. In a production run of 300 units, there are exactly 20 defective items and 280 good items.

(a) What is the probability that a randomly selected item is defective?
P(Defective) = No of defectives / total items produced = 20/300=0.0667

(b) If two items are sampled without replacement, what is the probability that both are ...

Solution Summary

Shows how to calculate the probability under various situations.

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