Assume that the probability of finding a proportion of 0.363 defectives in a good lot that contains 100,000 items is unknown. Rejecting a good lot costs 206.5 and accepting a bad lot costs 303.0. Binomial sampling is done by selecting a sample of size 10. Find the optimal sampling strategy
Assume that the probability of finding a proportion of 0.363 defectives in a good lot that contains 100,000 items is unknown. Rejecting a good lot costs 206.5 and accepting a bad lot costs 303.0. Binomial sampling is done by selecting a sample of size 10. Find the optimal sampling strategy
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.4: Collecting Data
Problem 8E
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Assume that the probability of finding a proportion of 0.363 defectives in a good lot that contains 100,000 items is unknown. Rejecting a good lot costs 206.5 and accepting a bad lot costs 303.0. Binomial sampling is done by selecting a sample of size 10. Find the optimal sampling strategy
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