Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: Suppose that chips for an integrated circuit are tested and that the probability that they are detected if they are defective is .95, and the probability that they are declared sound if in fact they are sound is .97. If .5% of the chips are faulty, what is the probability that a chip that is declared faulty is sound?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92540091
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Suppose a soft drink company want to perform a taste test

Suppose a soft drink company want to perform a taste test on 5 brands of diet cola. How many permutations are there for presenting 5 diet colas to test subjects?

Calculate the value of a bond with face value of 1000 a

Calculate the value of a bond with face value of $1,000 , a coupon interest rate of 8 percent paid semiannually; and a maturity of 10 years. Assume the following discount rates: (a) 6 percent; (b) 8 percent; and (c) 10 p ...

An electronics store receives a shipment of 37 graphing

An electronics store receives a shipment of 37 graphing calculators, including 5 that are defective. Eight calculators are chosen at random to be sent to a local high school. How many selections contain 3 defective?

The equation used to predict how long a cold will last is

The equation used to predict how long a cold will last is y=-1.8 + 0.09x1 + 3.2x2 - 1.9x3, where x1 is person's temperature on the first day, x2 is number of people seen each day, and x3 is the amount of sleep the person ...

According to recent study 143 of 453 technology ceos from

According to recent? study, 143 of 453 technology CEOs from around the world responded that technological advances will transform their business and 85responded that resource scarcity and climate change will transform th ...

Next time you see an elderly man check out his nose and

Next time you see an elderly man, check out his nose and ears! While most parts of the human body stop growing as we reach adulthood, studies show that noses and ears continue to grow larger throughout our lifetime. In o ...

What is the appropriate statistical analysis to use t-test

What is the appropriate statistical analysis to use: t-test for two independent samples, t-test for dependent samples, ANOVA, or chi-square test of independence? Please identify and explain why it is appropriate. (a) A s ...

For each of the following describe1 the direction of the

For each of the following describe: 1. The direction of the relationship 2. The strength of the relationship 3. A verbal description of the relationship between the variables. r = -.96 between the craving for Taco Bell a ...

Assume that 15 questions are answered by guessing1 what is

Assume that 15 questions are answered by guessing. 1) What is the probability of exactly 14 correct answers?

There is an 8 2-year bond which we buy now at which point

There is an 8%, 2-year bond, which we buy now at which point the required rates are 6%. If we intend to sell it in 2 years, when the market rates of interest are 2%, what is the market price of the bond then and now? A 1 ...

  • 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

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

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

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 p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As