Question

Suppose warranty records show the probability that a new car needs a warranty repair in the...

  1. Suppose warranty records show the probability that a new car needs a warranty repair in the first 90 days is .05. If a sample of twenty (20) cars is selected, what is the probability that:
    a) none of the cars will need a warranty repair?
    b) at least one needs a warranty repair?
    c) more than three need a warranty repair?
    d) no more than five need a warranty repair?
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer)

As there are fixed number of trials and probability of each and every trial is same and independent of each other

Here we need to use the binomial formula

P(r) = ncr*(p^r)*(1-p)^n-r

Ncr = n!/(r!*(n-r)!)

N! = N*n-1*n-2*n-3*n-4*n-5........till 1

For example 5! = 5*4*3*2*1

Special case is 0! = 1

P = probability of single trial = 0.05

N = number of trials = 20

R = desired success

A)

None

P(0) = 20c0*(0.05^0)*(1-0.05)^20-0 = 0.35848592241

B)

At least 1 = 1 - p(0)

As the sum of all the probabilities is = 1

At least 1 = 0.64151407759

C)

More than 3

= 1 - (p(0) + p(1) + p(2) + p(3) )

= 0.01590152602

D)

No more than 5

P(0) + p(1) + p(2) + p(3) + p(4) + p(5)

= 0.99967070568

Add a comment
Know the answer?
Add Answer to:
Suppose warranty records show the probability that a new car needs a warranty repair in the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Suppose that past records indicate that the probability that a new car will need a warranty...

    Suppose that past records indicate that the probability that a new car will need a warranty repair in the first 90 days of use is 0.04. If a random sample of 400 new cars is selected, what is the probability that the proportion of new cars needing a warranty repair in the first 90 days will be: a. between 0.05 and 0.06? i.e. P(0.05 sp < 0.06) = ranswer to 4 decimal places). b. above 0.07? i.e. Plp > 0.07)...

  • Each year, ratings concerning the performance of new cars during the first 90 days of use are compiled. Suppose that the cars have been categorized according to whether a car needs warrantyrelated rep...

    Each year, ratings concerning the performance of new cars during the first 90 days of use are compiled. Suppose that the cars have been categorized according to whether a car needs warrantyrelated repair (yes or no) and the country in which the company manufacturing a car is based (domestic or foreign). Based on the data collected, the probability that a new car needs a warranty repair is 0.08, the probability that a car was manufactured by a domestic company is...

  • 1. Toby's Trucking Company determined that on an annual basis, the distance traveled per truck is...

    1. Toby's Trucking Company determined that on an annual basis, the distance traveled per truck is normally distributed, with a mean of 50,000 miles and a standard deviation of 12,000 miles. a. What proportion of trucks can be expected to travel between 38,000 and 62,000 miles in the year? b. What percentage of the trucks travel less than 35,000 miles in the year? c. What percentage of the trucks travel more than 57,000 miles in the year? d. How many...

  • A country conducts a study on new cars within the first 90 days of use. The...

    A country conducts a study on new cars within the first 90 days of use. The cars have been categorized according to whether the car needs a warranty-based repair (yes or no) and the cars origin (domestic or foreign) Based on the data collected, the probability that the new car needs warranty repair is 0.13, the probability that the car was manufactured by a domestic company is 0.51, and the probability that the new car needs a warranty repair and...

  • A country conducts a study on new cars within the first 90 days of use. The...

    A country conducts a study on new cars within the first 90 days of use. The cars have been categorized according to whether the car needs a​ warranty-based repair​ (yes or​ no) and the​ car's origin​ (domestic or​ foreign). Based on the data​ collected, the probability that the new car needs warranty repair is 0.09, the probability that the car was manufactured by a domestic company is 0.73, and the probability that the new car needs a warranty repair and...

  • The service manager for a new appliances store reviewed sales records of the past 20 sales...

    The service manager for a new appliances store reviewed sales records of the past 20 sales of new microwaves to determine the number of warranty repairs he will be called on to perform in the next 90 days. Corporate reports indicate that the probability any one of their new microwaves needs a warranty repair in the first 90 days is 0.05. The manager assumes that calls for warranty repair are independent of one another and is interested in predicting the...

  • Pls do all parts. Also try to do fast You are a used car collector. Say,...

    Pls do all parts. Also try to do fast You are a used car collector. Say, you just acquired five cars and each car needs to be repaired after 2 years with a probability of 1/10, independently a) What is the probability no cars need repair in the first two years? b) What is the probability exactly one needs repair in the first two years? c) Wh at is the probability one or more car needs repair in the first...

  • SELF 4.24 What business and technical skills are critical Test for today's business intelligence/analytics and infor-...

    SELF 4.24 What business and technical skills are critical Test for today's business intelligence/analytics and infor- mation management professionals? As part of InformationWeek's 2013 U.S. IT Salary Survey, business intelligence/analytics and information management professionals, both staff and managers were asked to indicate what business and technical skills are criti- cal to their job. The list of business and technical skills included Analyzing Data. The following table summarizes the responses to this skill: k. ity the hat PROFESSIONAL POSITION act- Management...

  • 7) Based on past records, the average number of two-car accidents in a New York City...

    7) Based on past records, the average number of two-car accidents in a New York City police precinct is 10.1 per day. What is the probability that there will be: a) at least fourteen such accidents on any given day? b) not more than seven such accidents on any given day? c) at least seven but not more than twelve such accidents on any given day? d) fewer than ten such accidents on any given day?

  • Twenty percent (20%) of a certain type of cell phones are returned for repairs while under warranty. (i) If a company purchases ten of these cell phones for their employees, what is the probability th...

    Twenty percent (20%) of a certain type of cell phones are returned for repairs while under warranty. (i) If a company purchases ten of these cell phones for their employees, what is the probability that exactly two of them will need repairs while under warranty? [6 marks] (ii) Of the 10 cell phones purchased by the company, how many would you expect to be returned for repairs while under warranty? [1 mark] (iii) Suppose five hundred (500) cell phones were...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT