To avoid being stuck with a shipment of defective HDTV sets, a large retailer tests a random sample of three televisions for defects before purchasing the entire shipment. If any of the three HDTV sets are defective, the entire shipment is rejected. If a manufacturer of HDTV sets has a 1.2% defect rate, what is the probability that a shipment of its HDTV sets will be rejected by this retailer?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
To avoid being stuck with a shipment of defective HDTV sets, a large retailer tests a random sample of three televisions for defects before purchasing the entire shipment. If any of the three HDTV sets are defective, the entire shipment is rejected. If a manufacturer of HDTV sets has a 1.2% defect rate, what is the probability that a shipment of its HDTV sets will be rejected by this retailer?
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