Saved Jankord Jewelers permits the return of their diamond wedding rings, provided the return occurs within two weeks. Typically, 10 percent are returned. If eight rings are sold today, what is the probability that fewer than three will be returned? Multiple Cholce 01488 0.9619 0.0331 0.9950

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question
**Question:**

Jankord Jewelers permits the return of their diamond wedding rings, provided the return occurs within two weeks. Typically, 10 percent are returned. If eight rings are sold today, what is the probability that fewer than three will be returned?

**Multiple Choice Options:**

- 0.1488
- 0.9619
- 0.0331
- 0.9950

**Explanation:**

This question involves calculating the probability that fewer than three rings will be returned out of eight sold. The context suggests using a binomial probability distribution where the probability of success (a ring being returned) is 0.10 (10%). The four options provided are possible answers that one might calculate using binomial probability formulas or a statistical calculator.
Transcribed Image Text:**Question:** Jankord Jewelers permits the return of their diamond wedding rings, provided the return occurs within two weeks. Typically, 10 percent are returned. If eight rings are sold today, what is the probability that fewer than three will be returned? **Multiple Choice Options:** - 0.1488 - 0.9619 - 0.0331 - 0.9950 **Explanation:** This question involves calculating the probability that fewer than three rings will be returned out of eight sold. The context suggests using a binomial probability distribution where the probability of success (a ring being returned) is 0.10 (10%). The four options provided are possible answers that one might calculate using binomial probability formulas or a statistical calculator.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON