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The Proportion of Parts in an Inventory That Are Outdated

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The proportion of parts in an inventory that are outdated and no longer useful is thought to be 0.10. To check this, a random sample of n = 100 parts is selected and 14 are found to be outdated. Based upon this information, what is the probability of 14 or more outdated parts?


Definitions:

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The total amount of money that a country’s government has borrowed, by various means, which it is obligated to pay back.

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