The Proportion of Parts in an Inventory That Are Outdated

question 116

Essay

The proportion of parts in an inventory that are outdated and no longer useful is thought to be 0.10. To check this, a random sample of n = 100 parts is selected and 14 are found to be outdated. Based upon this information, what is the probability of 14 or more outdated parts?

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Definitions:

System Scope

The boundary that defines the extent of a system, including its components and functionalities, distinguishing it from other systems.

Array Projects

A series of projects or tasks that are organized and managed in parallel or sequentially to achieve a common objective.

Interactive Systems

Systems designed to respond to inputs or actions from users, facilitating two-way communication and engagement.

Complex Adaptive Systems

Systems that are composed of interacting components which may adapt or learn from their interactions, often seen in natural and human-made systems.