Question

In: Statistics and Probability

A company finds that one out of every 5 workers it hires turns out to be...

A company finds that one out of every 5 workers it hires turns out to be unsatisfactory. Assume that the satisfactory performance of any hired worker is independent of that of any other hired workers. If the company hires 15 people, what is the probability that the following number of people will turn out to be satisfactory? (Round your answer to six decimal places.)

exactly 9

Solutions

Expert Solution

Solution:

From the given information,

probability of unsatisfactory = 1/5 = 0.2

probability of satisfactory = 1 - 0.2 = 0.8

n = 15 (No. of trials)

Let X be the number of  satisfactory people int his sample.

X follows Binomial( 15 , 0.8)

Find P(Exactly 9 people will turn out to be satisfactory)

i.e. Find P(X = 9)

Using binomial probability formula ,

P(X = x) = (n C x) * px * (1 - p)n - x  

P(X = 9) = (15 C 9) * 0.89 * (1 - 0.8)15-9

= (15!/9!*6!) * 0.89 * 0.26

=  0.042993


Related Solutions

Workers and employers in economy expected 3% inflation rate for 2015 but actual inflation turns out to be 5%. Kylie
Workers and employers in economy expected 3% inflation rate for 2015 but actual inflation turns out to be 5%. Kylie, a casual worker with no labour contract, has remained unaffected while Susie, a fixed term employee, has become worse-off.
Telemarketers Inc. hires over 2,200 hourly workers. The company wants to compute the average wage it pays these workers.
Telemarketers Inc. hires over 2,200 hourly workers. The company wants to compute the average wage it pays these workers. What is the minimum sample size needed to construct a 90% confidence interval for the average wage Telemarketer Inc. pays its hourly workers? Assume the standard deviation is $10.00 and the company wants a margin of error of $2.50.
The WT Company turns out 10,000 widgets a day. As everyone one knows, the most important...
The WT Company turns out 10,000 widgets a day. As everyone one knows, the most important part of a widget is the idge at its center. WT buys it idges from two other companies: Ser- tane Company can supply only 2,000 idges per day, but 99% of them work properly. The remaining 8,000 idges are purchased from Kwik Company; 10% of these are defective. Suppose a randomly domly chosen widget from WT has a defective idge. What is the probability...
5. Eastview’s police department hires a new class of 50 trainees every quarter to begin the...
5. Eastview’s police department hires a new class of 50 trainees every quarter to begin the 3-month police academy program. Four nearby communities have struggled in running their own police academies, partly due to their own city funding but also because their class size is much smaller (ranging from 5 to 15 trainees in each city). Eastview’s newspaper recently ran a story about the city’s intent to build a new training facility for the police academy. The four communities want...
An industry hires 30 workers when the wage is $20. It raises the number of workers...
An industry hires 30 workers when the wage is $20. It raises the number of workers hired to 56 when the wages fall to $10. What is the short-run elasticity of labor demand? Is the demand elastic or inelastic?
A factory has 60% of newly hired workers quit within a year. The company hires 2...
A factory has 60% of newly hired workers quit within a year. The company hires 2 workers at the same time. Suppose each workers' decisions to leave or stay are independent. a) What is the probability of both workers will work there for more than one year? b) What is the probability of at least one will work there for more than one year?
Company Law ILAC Truck Hire Pty Ltd (Truck) is a company that hires out large machinery....
Company Law ILAC Truck Hire Pty Ltd (Truck) is a company that hires out large machinery. Since January 2020 the company has been in a difficult financial position. The Board of Truck have passed a resolution to sell some of the assets to reduce their debt. Sally and Tom are two shareholders of Truck, they obtained a valuation report that shows the assets have been sold off at a significant undervalue in breach of s 180 of the Corporations Act...
Truck Hire Pty Ltd (Truck) is a company that hires out largemachinery. Since January 2020...
Truck Hire Pty Ltd (Truck) is a company that hires out large machinery. Since January 2020 the company has been in a difficult financial position. The Board of Truck have passed a resolution to sell some of the assets to reduce their debt. Sally and Tom are two shareholders of Truck, they obtained a valuation report that shows the assets have been sold off at a significant undervalue in breach of s 180 of the Corporations Act 2001 (Cth). Advise...
Munir is the Vice President for Finance and a Director in his company. Munir finds out...
Munir is the Vice President for Finance and a Director in his company. Munir finds out that his company will be holding a big conference in a few months and will be needing a caterer to prepare food for the event. The company has set aside a budget of $50,000 for catering. The company plans to call for tenders from qualified caterers in the coming week. Munir’s brother-in-law happens to be in the food catering business. Munir tells him to...
A manufacturing company finds out that a new process that can decrease their production time. The...
A manufacturing company finds out that a new process that can decrease their production time. The company only has a limited fund for a process. A standard is set which at least 8% is acceptable for the processing time. 6 trials were undertaken showing a mean production time decrease of 8.4% with a standard deviation of 0.32%. Using a level of significance of (a) 0.01 and (b) 0.05, test the hypothesis that the process should be introduced. Use t-distribution.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT