The following acceptance rule is being considered for determining whether to take delivery of a large shipment of components: A random sample of 60 components is checked, and the shipment is accepted if no more than three of them is defective. What is the probability of accepting a shipment containing 8% defectives?

Essentials of Business Analytics (MindTap Course List)
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ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
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The following acceptance rule is being considered for determining whether to take delivery of a large shipment of components:

A random sample of 60 components is checked, and the shipment is accepted if no more than three of them is defective.

What is the probability of accepting a shipment containing 8% defectives? 

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