Hoping to diversify suppliers, a manufacturer buys the same component from three sources, with 24% of the components from vendor A, 39% from vendor B, and 37% from vendor C. Based on past experience,...


Hoping to diversify suppliers, a manufacturer buys the same component from three sources, with 24% of the components from vendor A, 39% from vendor B, and 37% from vendor C. Based on past experience, the manufacturer expects that vendors A, B, and C will produce defective components at a rate of 1.5%, 1.2%, and 1.8%, respectively. What is the expected proportion of defective components in the manufacturer’s stock?



Jun 09, 2022
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