The Quality Control Manager of a Candy Plant Is Inspecting

question 64

Multiple Choice

The quality control manager of a candy plant is inspecting a batch of chocolate chip bags.When the production process is in control,the average number of blue chocolate chips per bag is 6.0.Suppose that the probability of a blue chocolate chip in a bag is constant across bags and the number of blue chocolate chips in one bag is independent of the number in any other bag.Which of the following distributions would you use to figure out the probability that any particular bag being inspected has 4.0 blue chocolate chips?

• A)Hypergeometric distribution.
• B)Poisson distribution.
• C)Uniform distribution.
• D)Binomial distribution.

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Definitions:

Private Value

The value of a good or service to an individual or firm for personal use, as opposed to its value to society or the economy at large.

Socially Optimal

A situation or outcome that is best from the society's point of view, where social welfare, including benefits and costs, is maximized.

Economic Well-being

A broad measure of the prosperity and quality of life of individuals or societies, encompassing material, social, and environmental dimensions.

Output Decreased

A reduction in the quantity of goods or services produced by a company, industry, or economy.