Exam 2: Introduction to Probability
Exam 1: Introduction61 Questions
Exam 2: Introduction to Probability66 Questions
Exam 3: Probability Distributions66 Questions
Exam 4: Decision Analysis64 Questions
Exam 5: Utility and Game Theory67 Questions
Exam 6: Times Series Analysis and Forecasting63 Questions
Exam 7: Introduction to Linear Programming60 Questions
Exam 8: Linear Programming: Sensitivity Analysis and Interpretation of Solution64 Questions
Exam 9: Linear Programming Applications in Marketing, Finance, and Operations Management60 Questions
Exam 10: Distribution and Network Models67 Questions
Exam 11: Integer Linear Programming61 Questions
Exam 12: Advanced Optimization Applications56 Questions
Exam 13: Project Scheduling: Pertcpm66 Questions
Exam 14: Inventory Models66 Questions
Exam 15: Waiting Line Models62 Questions
Exam 16: Simulation62 Questions
Exam 17: Markov Processes55 Questions
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Higbee Manufacturing Corp.has recently received 5 cases of a certain part from one of its suppliers.The defect rate for the parts is normally 5%,but the supplier has just notified Higbee that one of the cases shipped to them has been made on a misaligned machine that has a defect rate of 97%.So the plant manager selects a case at random and tests a part.
a.What is the probability that the part is defective?
b.Suppose the part is defective, what is the probability that this is from the case made on the misaligned machine?
c.After finding that the first part was defective, suppose a second part from the case is tested. However, this part is found to be good. Using the revised probabilities from part (b) compute the new probability of these parts being from the defective case.
d.Do you think you would obtain the same posterior probabilities as in part (c) if the first part was not found to be defective but the second part was?
e.Suppose, because of other evidence, the plant manager was 80% certain this case was the one made on the misaligned machine. How would your answer to part (b) change?
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Global Airlines operates two types of jet planes: jumbo and ordinary.On jumbo jets,25% of the passengers are on business while on ordinary jets 30% of the passengers are on business.Of Global's air fleet,40% of its capacity is provided on jumbo jets.(Hint: The 25% and 30% values are conditional probabilities stated as percentages.)
a.What is the probability a randomly chosen business customer flying with Global is on a jumbo jet?
b.What is the probability a randomly chosen non-business customer flying with Global is on an ordinary jet?
(Short Answer)
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Explain the difference between mutually exclusive and independent events.Can a pair of events be both mutually exclusive and independent?
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