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A self-publishing novel writer is looking for book printing services. There are two shops, PrintO and iBook, near him with equally good reviews. Help him choose between the two shops by answering the following. 1. From customer reviews and disclosure of the shop owners, the number of defects (misprints, missing pages, etc.) per printed book by PrintO has a mean of 0.04 while that number of defects per printed book by iBook has a mean of 0.02. PrintO offers a discounted price of 175 pesos per book while iBook offers a discounted price of 190 per book. The novel writer plans to have 3000 books printed. Based on expected losses, which printing shop do you recommend? 2. The novel writer also wants to have special edition prints which are hardbound in glossy paper. Printing of these type comes in a package of 10 prints (no more, no less). Both shops offer the same discounted price per package. The demand for these special prints is around 100 books so ideally, ten packages will suffice. Suppose PrintO and iBook print defective books at a rate of 3% and 5% respectively, what is the probability that it takes more than ten packages until the demand for these special prints is met? Based on these probabilities, which printing shop do you recommend?

A self-publishing novel writer is looking for book printing services. There are two shops, PrintO and iBook, near him with equally good reviews. Help him choose between the two shops by answering the following. 1. From customer reviews and disclosure of the shop owners, the number of defects (misprints, missing pages, etc.) per printed book by PrintO has a mean of 0.04 while that number of defects per printed book by iBook has a mean of 0.02. PrintO offers a discounted price of 175 pesos per book while iBook offers a discounted price of 190 per book. The novel writer plans to have 3000 books printed. Based on expected losses, which printing shop do you recommend? 2. The novel writer also wants to have special edition prints which are hardbound in glossy paper. Printing of these type comes in a package of 10 prints (no more, no less). Both shops offer the same discounted price per package. The demand for these special prints is around 100 books so ideally, ten packages will suffice. Suppose PrintO and iBook print defective books at a rate of 3% and 5% respectively, what is the probability that it takes more than ten packages until the demand for these special prints is met? Based on these probabilities, which printing shop do you recommend?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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A self-publishing novel writer is looking for book printing services. There are two shops, PrintO and iBook, near him with equally good reviews. Help him choose between the two shops by answering the following. 1. From customer reviews and disclosure of the shop owners, the number of defects (misprints, missing pages, etc.) per printed book by PrintO has a mean of 0.04 while that number of defects per printed book by iBook has a mean of 0.02. PrintO offers a disCounted price of 175 pesos per book while iBook offers a discounted price of 190 per book. The novel writer plans to have 3000 books printed. Based on expected losses, which printing shop do you recommend? 2. The novel writer also wants to have special edition prints which are hardbound in glossy paper. Printing of these type comes in a package of 10 prints (no more, no less). Both shops offer the same discounted price per package. The demand for these special prints is around 100 books so ideally, ten packages will suffice. Suppose PrintO and iBook print defective books at a rate of 3% and 5% respectively, what is the probability that it takes more than ten packages until the demand for these special prints is met? Based on these probabilities, which printing shop do you recommend?
Transcribed Image Text:A self-publishing novel writer is looking for book printing services. There are two shops, PrintO and iBook, near him with equally good reviews. Help him choose between the two shops by answering the following. 1. From customer reviews and disclosure of the shop owners, the number of defects (misprints, missing pages, etc.) per printed book by PrintO has a mean of 0.04 while that number of defects per printed book by iBook has a mean of 0.02. PrintO offers a disCounted price of 175 pesos per book while iBook offers a discounted price of 190 per book. The novel writer plans to have 3000 books printed. Based on expected losses, which printing shop do you recommend? 2. The novel writer also wants to have special edition prints which are hardbound in glossy paper. Printing of these type comes in a package of 10 prints (no more, no less). Both shops offer the same discounted price per package. The demand for these special prints is around 100 books so ideally, ten packages will suffice. Suppose PrintO and iBook print defective books at a rate of 3% and 5% respectively, what is the probability that it takes more than ten packages until the demand for these special prints is met? Based on these probabilities, which printing shop do you recommend?
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