Question
In: Statistics and Probability
5) A manufacturer of clothing knows that the probability of a button flaw (broken, sewed on...
5) A manufacturer of clothing knows that the probability of a button flaw (broken, sewed on incorrectly, or missing) is 0.002. An inspector examines 56 shirts in an hour, each with 4 buttons. Using a Poisson probability model, answer parts a and b below. a) What is the probability that she finds no button flaws? The probability that the inspector finds no button flaws is___ .(Round to three decimal places as needed.) b) What is the probability that she finds at least one? The probability that the inspector finds at least one flaw is___ (Round to three decimal places as needed.)
Solutions
Expert Solution
Answer:
Given that:
A manufacturer of clothing knows that the probability of a button flaw (broken, sewed on incorrectly, or missing) is 0.002. An inspector examines 56 shirts in an hour, each with 4 buttons
a) What is the probability that she finds no button flaws?
We have to find the probability that she finds to button flaws
When we are interested in the number of events that occur over
an interval it turns out to be a poisson model.The Poisson
parameter the mean of the distribution is denoted by 
The Poisson probability model is given by the formula
Where X as the number of occurences
Now here X=number of button flaws
Now
The probability the there is no button flaws is given by
b) What is the probability that she finds at least one?
We have to find the probability that she finds at least one
The probability that she finds at least one is given by
orchestra answered 1 year agoRelated Solutions
Fuzzy Button Clothing Company has the following end-of-year balance sheet: Fuzzy Button Clothing Company Balance Sheet...
Fuzzy Button Clothing Company has the following end-of-year
balance sheet:
Fuzzy Button Clothing Company
Balance Sheet
For the Year Ended on December 31
Assets
Liabilities
Current Assets:
Current Liabilities:
Cash and equivalents
$150,000
Accounts payable
$250,000
Accounts receivable
400,000
Accrued liabilities
150,000
Inventories
350,000
Notes payable
100,000
Total Current Assets
$900,000
Total Current Liabilities
$500,000
Net Fixed Assets:
Long-Term Bonds
1,000,000
Net plant and equipment(cost minus depreciation)
$2,100,000
Total Debt
$1,500,000
Common Equity
Common stock
800,000
Retained earnings
700,000
Total...
Fuzzy Button Clothing Company has the following end-of-year balance sheet: Fuzzy Button Clothing Company Balance Sheet...
Fuzzy Button Clothing Company has the following end-of-year
balance sheet:
Fuzzy Button Clothing Company
Balance Sheet
For the Year Ended on December 31
Assets
Liabilities
Current Assets:
Current Liabilities:
Cash and equivalents
$150,000
Accounts payable
$250,000
Accounts receivable
400,000
Accrued liabilities
150,000
Inventories
350,000
Notes payable
100,000
Total Current Assets
$900,000
Total Current Liabilities
$500,000
Net Fixed Assets:
Long-Term Bonds
1,000,000
Net plant and equipment(cost minus depreciation)
$2,100,000
Total Debt
$1,500,000
Common Equity
Common stock
800,000
Retained earnings
700,000
Total...
Fuzzy Button Clothing Company reported sales of $720,000 at the end of last year; but this...
Fuzzy Button Clothing Company reported sales of $720,000 at the
end of last year; but this year, sales are expected to grow by 9%.
Fuzzy Button expects to maintain its current profit margin of 21%
and dividend payout ratio of 15%. The firm’s total assets equaled
$500,000 and were operated at full capacity. Fuzzy Button’s balance
sheet shows the following current liabilities: accounts payable of
$75,000, notes payable of $25,000, and accrued liabilities of
$70,000. Based on the AFN (Additional...
Custom Clothing Ltd is a manufacturer of pieces of clothing ordered by customers in their own...
Custom Clothing Ltd is a manufacturer of pieces of clothing
ordered by customers in their own design. The minimum number of
pieces to accept an order is 80 pieces. The following information
for the year 2019 is provided by this company:
Total production and sales (number of pieces)
80,000 pieces
Total direct labour hours
100,000
Total machine hours
60,000
Costs:
Marketing
$2,400,000
Machine and maintenance repairs
$860,000
Depreciation of sewing machines
$32,000
Depreciation of factory building
$18,000
Depreciation of administration...
Custom Clothing Ltd is a manufacturer of pieces of clothing ordered by customers in their own...
Custom Clothing Ltd is a manufacturer of pieces of clothing
ordered by customers in their own design. The minimum number of
pieces to accept an order is 80 pieces. The following information
for the year 2019 is provided by this company:
Total production and sales (number of pieces)
80,000 pieces
Total direct labour hours
100,000
Total machine hours
60,000
Costs:
Marketing
$2,400,000
Machine and maintenance repairs
$860,000
Depreciation of sewing machines
$32,000
Depreciation of factory building
$18,000
Depreciation of administration...
The management of Fuzzy Button Clothing Company controls 58% of the company’s stock. The firm did...
The management of Fuzzy Button Clothing Company controls 58% of
the company’s stock. The firm did not meet any of its quarterly
sales projections for the last year. Some of the firm’s
institutional investors are worried that the firm’s poor
performance is partly because management has not been focused on
maximizing shareholder wealth. Which of the following measures
would the institutional investors most likely want to see
implemented?
-They would want to ensure that the company’s CEO is also the...
Custom Clothing Ltd is a manufacturer of pieces of clothing ordered by customers in their own design.
Custom Clothing Ltd is a manufacturer of pieces of clothing ordered by customers in their own design. The minimum number of pieces to accept an order is 80 pieces. The following information for the year 2019 is provided by this company:
Total production and sales (number of pieces)
80,000 pieces
Total direct labour hours
100,000
Total machine hours
60,000
Costs:
Marketing
$2,400,000
Machine and maintenance repairs
$860,000
Depreciation of sewing machines
$32,000
Depreciation of factory building...
A menswear manufacturer knows that the height of all men is normal with a mean of...
A menswear manufacturer knows that the height of all men is
normal with a mean of 69 inches and a standard deviation of 3
inches.
a) What proportion of all men have a height between 69 and 74
inches?
b) What proportion of all men have a height between 67 and 74
inches?
c) What is the 95th (and 99th) percentile of all men’s heights?
A manufacturer knows that their items have a lengths that are skewed right, with a mean...
A manufacturer knows that their items have a lengths that are
skewed right, with a mean of 18.5 inches, and standard deviation of
3.9 inches. If 36 items are chosen at random, what is the
probability that their mean length is greater than 16.8 inches?
(Round answer to four decimal places)
A manufacturer knows that their items have a lengths that are skewed right, with a mean...
A manufacturer knows that their items have a lengths that are
skewed right, with a mean of 10.6 inches, and standard deviation of
3.3 inches.
If 46 items are chosen at random, what is the probability that
their mean length is greater than 11.2 inches?
(Round answer to four decimal places)
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Benefit-cost Analysis Park Crest Hospital is looking into the possibility of upgrading its patient tracking information...
- Implement the following functions. Each function deals with null terminated C-strings. You can assume that any...
- 'Risk management is not about elimination of risk', Discuss in detail
- All the answer need to be in C++ 1) Write a class for a "Vector". The...
- int main() { footBallPlayerType bigGiants[MAX]; int numberOfPlayers; int choice; string name; ...
- y'' − 3y' + 2y =− x sin x STEP BY STEP CAREFULL INSTRUCTION. ONLY USE...
- A solution contains barium nitrate and lead (II) nitrate. What substance could be added to the...
ADVERTISEMENT