Over the long run a factory produces items in boxes of 2, Ask an Expert

Statistics

Over the long run a factory produces items in boxes of 2 with 92% of boxes with 0 defective items, 5% of boxes with 1 defective item and 3% of boxes with 2 defective items. A box is picked at random, then an item is picked at random. Given that the item is defective, what is the chance that the second item in the box is defective?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91117745

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Diastolic blood pressures are approximately normally

Diastolic blood pressures are approximately normally distributed with a mean of 75 and a standard deviation of 10. If we consider samples of 20 patients, what is the 90th percentile of the mean diastolic blood pressure?

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a premium? Would we ever expect a zero coupon bond to sell at a premium? Explain.

The speed of cars on a stretch of road is normally

The speed of cars on a stretch of road is normally distributed with an average 42 miles per hour with a standard deviation of 5.9 miles per hour. What is the probability that a randomly selected car is violating the spee ...

Bob millers long-term financial goal is to retire

Bob Miller's long-term financial goal is to retire comfortably in 23 years at age 65. You have conducted a robust risk profile analysis on him and have determined that he is an aggressive investor. Miller insisted on all ...

Describe the scales of measurement of data that should be

Describe the scales of measurement of data that should be summarized by a measure of location such as a sample mean and a sample median? When is the sample median a better measure of location than the sample mean? Why do ...

State whether each of the following will increase decrease

State whether each of the following will increase, decrease, or have no effect on the population variance. (a) the sum of squares ( SS ) increases This change will increase the population variance. This change will decre ...

Your client wants to buy a business that provides financial

Your client wants to buy a business that provides financial advice to local small businesses. The firm generated $650,000 in cash flows during the previous year, and the discount rate to value firms in this sector is 11% ...

A sales table at anthonys department store contains a pile

A sales table at Anthony's Department Store contains a pile of sweaters, 19 medium size and 20 small size. A sweater is selected at random. Find the probability that it is a small size. Round your percentage to the tenth ...

A project has an initial outlay of 2034 it has a single

A project has an initial outlay of $2,034. It has a single cash flow at the end of year 6 of $4,743. What is the internal rate of return (IRR) for the project? Round the answer to two decimal places in percentage form.

In february 2017 the risk-free rate was 431 percent the

In February 2017 the risk-free rate was 4.31 percent, the market risk premium was 6 percent, and the beta for Twitter stock was 1.58. What is the expected return that was consistent with the systematic risk associated wi ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert

Statistics

Related Questions in Statistics and Probability

Diastolic blood pressures are approximately normally

Describe the difference between zero coupon bonds and

The speed of cars on a stretch of road is normally

Bob millers long-term financial goal is to retire

Describe the scales of measurement of data that should be

State whether each of the following will increase decrease

Your client wants to buy a business that provides financial

A sales table at anthonys department store contains a pile

A project has an initial outlay of 2034 it has a single

In february 2017 the risk-free rate was 431 percent the

Ask Experts for help!!

Looking for Assignment Help?

Why might a bank avoid the use of interest rate swaps even

Describe the difference between zero coupon bonds and

Compute the present value of an annuity of 880 per year

Compute the present value of an 1150 payment made in ten

Compute the present value of an annuity of 699 per year

Follow Us