A manufacturer guarantees that a shipment of Raschig rings has no more than 2% broken rings. A stockman takes a random sample of 100 rings. Assuming that the Poisson distribution applies, what is the...


A manufacturer guarantees that a shipment of Raschig rings has no more than 2% broken rings. A stockman takes a random sample of 100 rings. Assuming that the Poisson distribution applies, what is the highest number of broken rings the stockman should accept to be {a) 95% confident of the manufacturer's guarantee? (b) 99% confident?

Nov 19, 2021
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