1. A manufacturing plant consists of four machines, independently operating, to produce a certain product. The reliability (probability of working) of each machine are as follows: MACHINE RELIABILITY 1 0.85 2 0.92 3 0.88 4 0.93
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- There are three modes of transporting material from Boston to Houston: by land (either by highway or railway), seaor air. Half of the materials are transported by land20% by sea, and the rest by air. Also, 60% of all land transportation is by highway and the rest is by rail shipments.Cargo traveling by each mode of transportation has a different probability of being damaged during shipment. The percentages of damaged cargo are as follows: 12% by highway, 3% by rail, 5% by seaand 2% by airIf a damaged cargo is received, what is the probability that it was shipped by sea?In the current first-year class of a community college, all the students come from three local high schools. Schools I, II, and III supply respectively 30%, 40%, and 30% of the students. The failure rate of students is 4%, 3%, and 6%, respectively. Given that a student passes, what is the probability that he or she came from school I?A manufacturing company produces two types of smartphones, A and B. 30% of the smartphones produced are type A, while 70% are type B. The defect rate for type A smartphones is 2%, while the defect rate for type B smartphones is 4%. If a customer receives a defective smartphone, what is the probability that it is of type A? Show your calculations and reasoning.
- You purchase a brand new car for $15,000 and insure it. The policy pays 78% of the car's value if there is an issue with the engine or 30% of the car's value if there is an issue with the speaker system. The probability of an issue with the engine is 0.009, and the probability there is an issue with the speaker system is 0.02. The premium for the policy is p. Let X be the insurance company's net gain from this policy. (a) Create a probability distribution for X, using p to represent the premium on the policy. Enter the possible values of X in ascending order from left to right. P(X) (b) Compute the minimum amount the insurance company will charge for this policy. Round your answer to the nearest centA manufacturing process produces, on the average, 3% defective items. The company ships 15 items in each box and wishes to guarantee no more than 1 defective item per box. If this guarantee accompanies each box, what is the probability that the box will fail to satisfy the guarantee?Your assembly plant buys identical widgets from 3 suppliers, A, B, and C. Suppliers A and B each supplies a quarter of your widgets each day, whereas Supplier C supplies the remaining 50%. Of the widgets supplied by A, B, and C, the average numbers of defective widgets are 5%, 3%, and 7%, respectively.(a) If a widget is selected at random, what is the probability of it being defective? Let A, B, C be the event of a randomly picked widget being sourced by suppliers A, B, and C, respectively. Furthermore, let D be the event of a randomly-picked widget being defective. Use these symbols A, B, C, and D when you do this problem.(b) What is the probability of a randomly-picked widget being supplied by A and also being defective?(c) If a randomly-picked widget is defective, what’s the probability of it having been supplied by A?(d) If a randomly-picked widget is defective, what’s the probability of it having been supplied by B? By C? What's the sum of the 3 probabilities…
- A company buys microchips from three suppliers I, II and III. Supplier I has a record of providing microchips that contain 10% defective; supplier a defective rate of 5% and supplier III has a defective rate of 3%. Suppose 10%, 40% and 50% of the current supply came from suppliers I, II and III, respectively. If a randomly selected microchip is defective, what is the probability that it came from supplier II? Express your answer accurate to two decimal places. O 48 O..40 O something else O 44 O 41Task 3. The automobile engine plant delivered a batch of engines to the car assembly plant. 5 engines taken for testing. The probability of each of them to pass the test is 0.95. What is the likelihood that the tests will pass successfully: a) exactly three engines; b) at least three engines; c) all five engines; d) at least one engine?A single server queuing system with a Poisson arrival rate and exponential service time has an average arrival rate of 7 customers per hour and an average service rate of 12 customers per hour. The probability of 2 customers in the system is : a. 0.1418 b. 0.6597 C. 0.4167 d. 0.8582
- An insurance company calculates car insurance company calculates car insurance premiums based on the age of the policyholder according to three age groups: Group A consists of drivers younger than 22 years old; Group B consists of drivers 22—33 years old, and Group C consists of drivers older than 33 years.Its portfolio consists of 10% Group A policyholders, 38% Group B policyholders and 52% Group C policyholders. The probability of a claim in any 12 month period for a policy belonging to Group A, B or C is 13%, 3% and 2%, respectively. (i) Calculate the probability that a randomly chosen policy holder from this portfolio will make a claim during a 12 month period. One of the company’s policyholders has just made a claim(ii) Calculate the probability that the policy holder is younger than 22 years.Maximus Steel plans to introduce one of three new products code-named: Wren, Hawk, and Nightingale. The marketing department indicated that the success of any product depends on the market conditions (Favorable, Neutral, or Unfavorable). The profit the company will earn also depends on the market conditions. The table below shows the probability estimated for each market condition and the profits Maximus Steel will realize within those conditions: Product Code Market Conditions Favorable P = 0.2 Neutral P = 0.7 Unfavorable P = 0.1 Wren $120,000 $70,000 ($30,000) Hawk $60,000 $40,000 $20,000 Nightingale $35,000 $30,000 $30,000 Maximus Steel is considering hiring a market research firm to do a survey to determine future market conditions. The results of the survey will indicate either positive or negative market conditions. There is a 0.60 probability of a positive report, given favorable conditions; a 0.30 probability of a positive…