The Bank Negara Malaysia (BNM) is responsible for printing paper money. The BNM has an impressively small printing error, only 0.5 percent of all bills are too flawed for circulation. Compute the probability that out of a batch of 1000 bills, (1) none are too flawed for circulation. (1i) fifteen are too flawed for circulation.
The Bank Negara Malaysia (BNM) is responsible for printing paper money. The BNM has an impressively small printing error, only 0.5 percent of all bills are too flawed for circulation. Compute the probability that out of a batch of 1000 bills, (1) none are too flawed for circulation. (1i) fifteen are too flawed for circulation.
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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Transcribed Image Text:The Bank Negara Malaysia (BNM) is responsible for printing paper money.
The BNM has an impressively small printing error, only 0.5 percent of all bills
are too flawed for circulation. Compute the probability that out of a batch of
1000 bills,
(1i)
none are too flawed for circulation.
(ii)
fifteen are too flawed for circulation.
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