Problem 3: (40 points) A manufacturer known that on an average 6% of their product is defective. They sell their product

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Problem 3: (40 points) A manufacturer known that on an average 6% of their product is defective. They sell their product

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Problem 3 40 Points A Manufacturer Known That On An Average 6 Of Their Product Is Defective They Sell Their Product 1
Problem 3 40 Points A Manufacturer Known That On An Average 6 Of Their Product Is Defective They Sell Their Product 1 (18.07 KiB) Viewed 35 times
Problem 3: (40 points) A manufacturer known that on an average 6% of their product is defective. They sell their product in consignment of 100 and guarantees that not more than 2 set will be defective. If the probability mass function follows Poisson distribution. (a) Compute the exact probability that their product will fail to meet the guaranteed quality (b) Compute the approximate answer for part (a) using standard normal distribution
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