(Answered) When a new machine is functioning properly only 3 of the

Finance

When a new machine is functioning properly, only 3% of the items produced are defective. Assume that we will randomly select two parts produced on the machine and that we are interested in the number of defective parts found.

a. Describe the conditions under which this situation would be a binomial experiment.

b. How many experimental outcomes yield 1 defect?

c. Compute the probabilities associated with finding no defects, 1 defect, and 2 defects.

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