Question

In: Statistics and Probability

A manufacturing company makes auto parts and sells them to auto dealers.


 A manufacturing company makes auto parts and sells them to auto dealers. Last week the company shipped 25 auto parts to a dealer. Later it found out that 5 of those parts were defective. By the time the company manager contacted the dealer 4 auto parts from that shipment had already been sold. What is the probability that 3 of those 4 parts were non-defective?


Solutions

Expert Solution



Related Solutions

Question No.1    An auto parts supplier sells Hardy-brand batteries to car dealers and auto mechanics....
Question No.1    An auto parts supplier sells Hardy-brand batteries to car dealers and auto mechanics. The annual demand is approximately 1500 batteries. The supplier pays 25 R.O for each battery and estimates that the annual holding cost is 30% of the battery's value. It costs approximately 30 R.O to place an order. The supplier currently orders 125 batteries per month. a. Determine the EOQ. b. How many orders will be placed per year using the EOQ? c. Determine the...
Question No.1    An auto parts supplier sells Hardy-brand batteries to car dealers and auto mechanics....
Question No.1    An auto parts supplier sells Hardy-brand batteries to car dealers and auto mechanics. The annual demand is approximately 1500 batteries. The supplier pays 25 R.O for each battery and estimates that the annual holding cost is 30% of the battery's value. It costs approximately 30 R.O to place an order. The supplier currently orders 125 batteries per month. a. Determine the EOQ. b. How many orders will be placed per year using the EOQ? c. Determine the...
Emirates Top Auto Parts (ETAP) is an independent auto parts dealer that sells auto parts and...
Emirates Top Auto Parts (ETAP) is an independent auto parts dealer that sells auto parts and delivers parts and tools to mechanic shops around the city. Identify possible actors and use cases involved in ETAP’s business functions. Create a use case diagram for ETAP’s operations. For the use case where the customer buys parts, complete a use case description table For the use case where the customer buys parts, create a class diagram. For the use case where the customer...
UML Diagrams Osceola Auto Parts Osceola Auto Parts is an independent auto parts dealer that sells...
UML Diagrams Osceola Auto Parts Osceola Auto Parts is an independent auto parts dealer that sells auto parts, runs tests on customers’ cars,and delivers parts and tools to mechanic shops around town. Tasks 1. Identify possible actors and use cases involved in Osceola’s business functions. 2. Using dia, create a use case diagram for Osceola’s operations. 3. Select one of the use cases and create a class diagram. 4. Using dia, create a sequence diagram for the use case you...
Roten Manufacturing Company is considering an investment on a machine for producing auto parts. The machine...
Roten Manufacturing Company is considering an investment on a machine for producing auto parts. The machine costs $250,000 today, will have a five-year life and will be depreciated over a five-year life on a straight-line basis toward a zero salvage value. The company paid a consulting company $7,000 last year to help them decide whether there is a sufficient demand for the auto parts. In addition to the investment on the machine, the company also invests $15,000 in net working...
Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot’s...
Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot’s credit terms are n/30. As of the end of business on October 31, the following accounts receivable were past due: Account Due Date Amount Avalanche Auto August 15 $12,000 Bales Auto October 4    2,400 Derby Auto Repair June 26    3,900 Lucky's Auto Repair September 10    6,600 Pit Stop Auto September 24    1,100 Reliable Auto Repair July 2    9,750 Trident Auto August 25    1,800 Valley...
Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot’s...
Toot Auto Supply distributes new and used automobile parts to local dealers throughout the Midwest. Toot’s credit terms are n/30. As of the end of business on October 31, the following accounts receivable were past due: Account Due Date Amount Avalanche Auto August 18 $12,000 Bales Auto October 9 2,400 Derby Auto Repair June 15 3,900 Lucky's Auto Repair September 10 6,600 Pit Stop Auto September 22 1,100 Reliable Auto Repair July 2 9,750 Trident Auto August 21 1,800 Valley...
QUESTION 4 Company ABC is a manufacturing company specialized in three auto parts denoted by X,...
QUESTION 4 Company ABC is a manufacturing company specialized in three auto parts denoted by X, Y, and Z respectively. The company is preparing for the budgets for the next year and has collected the following information: X Y Z Raw materials costs /unit $20 $30 $40 Labor hours needed /unit 0.3 0.2 0.1 Machine hours needed /unit 0.5 1 0.9 Market demand in units 10,000 20,000 15,000 Price in $ $55 $70 $85 The company allocates $10 of variable...
Amira sells auto parts from her home. She usually sells the parts to her neighbors and...
Amira sells auto parts from her home. She usually sells the parts to her neighbors and friends. She has been doing this for a long time. Emma owns a factory that makes auto parts. Emma has sold auto parts to Amira each year for the past ten years. Both Emma and Amira try to do what everyone else in the auto parts business does, which is selling the parts and then installing them. One day, Amira decides that she wants...
Auto Parts, Inc. is medium-sized company that manufactures auto parts in Buffalo, New York. The company...
Auto Parts, Inc. is medium-sized company that manufactures auto parts in Buffalo, New York. The company currently loses $30,000 per month. The owner of the company is evaluating whether she should shut down the factory. She thinks that the factory should continue to operate until the economic environment improves and buyer for the factory can be identified. The logic of the owner is that her company has already invested millions of dollars in the factory over the years. The monthly...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT