An Automobile Manufacturing Company Uses Twenty Industrial Robots as Welders

question 68

Short Answer

An automobile manufacturing company uses twenty industrial robots as welders on its assembly line. On a given working day, the probability that a robot will be inoperative is 0.03.
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What is the probability that on a given working day exactly two robots are inoperative ? More than two robots are inoperative ?
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Round your answers to three decimal places, if necessary
​ = __________
​ = __________

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Definitions:

Centered

In statistics, adjusting data values by subtracting the mean of the data set from each value to have an average of zero.

Perfect Substitute

Goods or services that can be used in exactly the same way and are considered interchangeable by the consumer.

Indifference Curve

A graph representing combinations of two goods that provide an individual with the same level of satisfaction and utility.

Convex Preferences

A situation in consumer theory where a consumer prefers combinations or mixtures of goods to extreme amounts of either good, illustrating a desire for diversified consumption.