Answer: Original price = $43.10, Increase = $19.40, Final price = $62.50
<u>Step-by-step explanation:</u>
Let x represent the original price, then
8x(1.45) < $500
x < $43.10
Increase is 0.45x
0.45($43.10)
= $19.40
Final price is Original + Increase
$43.10 + $19.40
= $62.50
Answer:
0.7995 = 79.95% probability that the sample will contain at least three defectives.
Step-by-step explanation:
Binomial probability distribution
Probability of exactly x sucesses on n repeated trials, with p probability.
Can be approximated to a normal distribution, using the expected value and the standard deviation.
The expected value of the binomial distribution is:
The standard deviation of the binomial distribution is:
Normal probability distribution
Problems of normally distributed distributions can be solved using the z-score formula.
In a set with mean and standard deviation
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
When we are approximating a binomial distribution to a normal one, we have that ,
.
Suppose that a random sample of 20 items is selected from the machine.
This means that
The machine produces 20% defectives
This means that
Mean and standard deviation:
Probability that the sample will contain at least three defectives
Using continuity correction, this is , which is 1 subtracted by the pvalue of Z when X = 2.5. So
has a pvalue of 0.2005
1 - 0.2005 = 0.7995
0.7995 = 79.95% probability that the sample will contain at least three defectives.