Suppose that among all the widgets your company produces the defective rate is 0.005 ...

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Suppose that among all the widgets your company produces the defective rate is 0.005. In the next  batch of 1000 widgets produced, what is the probability that no more than three are defective?  Find both the exact binomial probability and the Poisson approximation.

    • 8 years ago
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    (a) Exact binomial probability: n = 1000, p = 0.005, q = 1 – p = 0.995 ...
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