A smart phone company receives a large shipment of memory chip. The acceptance sampling plan is to randomly select and test 12 memory chips, then accept the whole batch if there is at most one that doesn’t meet the required specification. If there is a 2% rate of defect, what is the probability that this whole shipment will be accepted? Round answer to four decimal places.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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A smart phone company receives a large shipment of memory chip. The acceptance sampling plan is to randomly select and test 12 memory chips, then accept the whole batch if there is at most one that doesn’t meet the required specification. If there is a 2% rate of defect, what is the probability that this whole shipment will be accepted? Round answer to four decimal places.
 
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