Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A company buys components from two suppliers. One produces components that are of higher quality than the other. The high-quality supplier, call it Supplier A, has a defect rate of 2%. The low-quality supplier, Supplier B, has a defect rate of 10% but off ers lower prices. This company buys in equal volume from both suppliers, with half of the orders going to each supplier.

(a) What is the probability that a component to be installed is defective?
(b) If a defective component is found, what is the probability that it came from Supplier A?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9435147

Have any Question?


Related Questions in Statistics and Probability

The weights of bags of peas are normally distributed with a

The weights of bags of peas are normally distributed with a mean of 12.08 ounces and a standard deviation of 1.03 ounces. Bags in the upper 4% are too heavy and must be repackaged. What is the most that bag and weigh and ...

A chemical company is interviewing two people to become its

A chemical company is interviewing two people to become its risk manager. One has a background of management positions chemical refineries. The other has a background providing risk management consulting services to depa ...

A population has a mean mu79 and anbspstandard deviation

A population has a mean μ=79 and a standard deviation σ=24. Find the mean and standard deviation of a sampling distribution of sample means with sample size n=248 μx= ?Simplify your? answer. σx= rounded to three decimal ...

Suppose you perform a multiple regression to predict crime

Suppose you perform a multiple regression to predict crime rate in a state and includes as indicators of predictions the homeownership rate divorce rate and the personal bankruptcy. Explain how to conduct a test of hypot ...

How can a graph or chart of data help you understand the

How can a graph or chart of data help you understand the results? What is a frequency table? Describe an example where a frequency table can be used in life.

Suppose that 1 of the employees of a certain company use

Suppose that 1% of the employees of a certain company use illegal drugs. This company performs random drug tests that return positive results 99% of the time if the person is a drug use. However, it also has a 2% false p ...

An appliance dealer calculated the proportion of new

An appliance dealer calculated the proportion of new dishwashers sold that required various numbers of service calls to correct problems during the warranty period. The records were: No. of service calls   Relative frequ ...

Suppose that the height x in inches of a 20 year old man is

Suppose that the height (x), in inches of a 20 year old man is a normal random variable with a mean of 70 inches and standard deviation of 5.102 inches. What is the 97.5th percentile of all 20 year old men's heights?

The following is a partial relative frequency distribution

The following is a partial relative frequency distribution of grades in an introductory statistics course. Grade     Relative Frequency A .22 B                       ? C                       .18 D                        ...

You randomly sample 50 theaters in the united states you

You randomly sample 50 theaters in the United States. You ask those theaters how much they charge for a large popcorn, and you get a sample mean of $6. Then, you make confidence interval using this data with the lower li ...

  • 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