A manufacturing company produces knitted sports goods. It was found that 2% of the goods produced were defective. What is the probability that in a shipment of 100 such goods, 4% or more will prove to be defective?
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 (0.02 in this … Read more