Examlex

Solved

The Following Table Describes the Results of Roadworthiness Tests of Ford

question 16

Multiple Choice

The following table describes the results of roadworthiness tests of Ford Focus cars that are three years old (based on data from the Department of Transportation) . The random variable x represents the number of cars that failed among six that were tested for roadworthiness:
xP(x) 00.37710.39920.17630.04140.00550+60+\begin{array} { | c | c | } \hline \boldsymbol { x } & \boldsymbol { P } ( \boldsymbol { x } ) \\\hline 0 & 0.377 \\\hline 1 & 0.399 \\\hline 2 & 0.176 \\\hline 3 & 0.041 \\\hline 4 & 0.005 \\\hline 5 & 0 + \\\hline 6 & 0 + \\\hline\end{array}
Is the probability of getting three or more cars that fail among six cars tested significant, Determined by a cutoff value of 0.05?


Definitions:

Misrepresentations

False statements or lies that can affect the terms of a contract or agreement, and may lead to legal action if they cause harm or damage.

Due Diligence Inquiry

A comprehensive appraisal of a business or person prior to signing a contract, especially to evaluate its assets and liabilities and assess its commercial potential.

SEC Filing

Documents that publicly traded companies are required to submit to the U.S. Securities and Exchange Commission, providing financial and other significant information.

Attorney-Client Privilege

A legal principle that protects communications between a client and their attorney from being disclosed without the client's permission.

Related Questions