Compute Probabilities of a Sample Proportion
-Smith Is a Weld $5 \%$

question 28

Multiple Choice

Compute Probabilities of a Sample Proportion
-Smith is a weld inspector at a shipyard. He knows from keeping track of good and substandard welds that for the afternoon shift $5 \%$ of all welds done will be substandard. If Smith checks 300 of the 7500 welds completed that shift, what is the probability that he will find between 10 and 20 substandard welds?

• A) \(0.8132\)
• B) \(0.4066\)
• C) \(0.2033\)
• D) \(0.6377\)

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Definitions:

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in a market, aiming to keep prices within a certain range.

Exports

Goods or services sent from one country to another for sale or trade.

Marketing Boards

Organizations that control the supply or pricing of certain agricultural products in various countries.

Developing Nations

Countries with a less developed industrial base and a lower Human Development Index compared to more developed countries.