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markhboi
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can anyone help with this:
A particular type of electronic component for use in PCs is mass produced and subject to quality control checks since it is known that 5% of all components produced in this way are defective. The quality of a day's output is monitored as follows. A sample of 20 components is drawn from the day's output (which may be assumed to be large) and inspected for defective components. If this sample contains 0 or 1 defectives the day's output is accepted, otherwise it is rejected. If it contains more than 2 defectives the output is rejected. If the sample contains 2 defective a second sample of 20 is taken. If this sample contains 0 defectives the output is accepted, otherwise it is rejected.
Use the binomial distribution to calculate the probability of
(i) 0
(ii) 1
(iii) 2
defectives in a sample of 20.
Hence calculate the probability that the day's output is accepted.
Suppose that it is estimated that it costs £200 to inspect a sample of size 20. What is the expected cost of a day's sampling?