Solved

The Proportion of Parts in an Inventory That Are Outdated

Question 116

Essay

The proportion of parts in an inventory that are outdated and no longer useful is thought to be 0.10. To check this, a random sample of n = 100 parts is selected and 14 are found to be outdated. Based upon this information, what is the probability of 14 or more outdated parts?

Correct Answer:

verifed

Verified

We are interested in finding P( > 0.14)....

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions