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Determine the probability of each of the following events occurring. State the approach to probability which you used and any assumptions which you needed to make. (a) A person selected from the payroll of a company is a clerical worker given that there are 350 people on the payroll of whom 120 are clerical workers. (b) A light bulb selected from a production line is defective if, out of 400 bulbs already tested, eight were defective. (c) A new-born baby is male. (d) This month’s sales forecast for a product has an error of more than 10% if the forecast had an error of over 10% in 21 out of the last 60 months. (e) A permanently manned space station is established on Mars by the year 2050.

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Operation Management, Management Studies

Category:- Operation Management
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