Smith Is a Weld Inspector at a Shipyard

question 3

Multiple Choice

Smith is a weld inspector at a shipyard. He knows from keeping track of good and substandard welds that forthe afternoon shift 5% of all welds done will be substandard. If Smith checks 300 of the 7500 welds completedthat shift, what is the probability that he will find more than 25 substandard welds?

• A) 0.0040
• B) 0.4960
• C) 0.5040
• D) 0.9960

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Definitions:

Equivalent Interest

An interest rate or yield that makes two financial instruments with different payment structures equally valuable.

Nearest 0.01%

A method of rounding numbers to the closest hundredth of a percent.

Coffee Fund

Informally refers to a pool of money collected for buying coffee or sometimes used as a casual fund for small group expenses.

Allocated

Distributed or assigned for a specific purpose or to a particular person.