A manufacturing company produces knitted sports goods. It is found that 2% of the goods produced are defective. What is the probability that in a shipment of 100 such goods 4% or more will prove to be defective?
Answer: To solve this problem, we can use the binomial probability distribution formula. The binomial distribution is applicable when there are two possible outcomes (defective or non-defective) and each trial is independent with a constant probability of success (defective in this case). Let’s denote: – (p) as the probability of a single item being defective … Read more