Examlex

Solved

What Type of Probability Distribution Will Most Likely Be Used

question 190

Multiple Choice

What type of probability distribution will most likely be used to analyze the number of cars with defective radios in the following problem? From an inventory of 48 new cars being shipped to local dealerships, corporate reports indicate that 12 have defective radios installed. The sales manager of one dealership wants to predict the probability out of the 8 new cars it just received that, when each is tested, no more than 2 of the cars have defective radios.


Definitions:

Negotiable Instruments

Financial documents representing a promise to pay a specific amount of money to the bearer on demand or at a future date, such as checks, drafts, and promissory notes.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or to a specified person.

Legal Entity

A legal entity is an individual or organization that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.

Endorse

To give public approval or support to something or someone, often used in the context of brands, policies, or candidates.

Related Questions