The Quality Control Manager for NKA Inc

question 4

Essay

The quality control manager for NKA Inc.must decide whether to accept (alternative 1),further analyze (alternative 2),or reject (alternative 3)an incoming shipment (lot)of microchips.The historical data indicate that there is a 30 percent chance that the lot is poor quality (S₁),50 percent chance that the lot is fair quality (S₂),and 20 percent chance that the lot is good quality (S₃).Assume the following payoff table is available.The values in the payoff table are in thousands of dollars. Based on historical data,if the lot is poor quality,40 percent of the items are defective.If the lot is fair quality,22 percent of the items are defective.If the lot is good quality,10 percent of the items are defective.The quality control manager inspects one unit from a recent shipment.After inspecting it,he determines that the unit is not defective.Based on this additional information,determine the revised (posterior)probabilities for each of the three states of nature.

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Definitions:

Audience Segment

A subgroup of a larger audience distinguished by specific characteristics, allowing for more targeted marketing and communication strategies.

Fake Influencer

An online persona that portrays themselves as a more influential or popular figure than they truly are, sometimes through purchased followers or engagement.

Audience Areas

Specific segments or demographics within a larger audience targeted by marketing campaigns or content strategies.

Ambassador Program

A strategy used by brands to recruit influential individuals to represent and promote the brand in a positive light.