Suppose that a manufacturing process is such that the probability of a card being correctlypopulated with microchips is 0.85. For each correctly populated card that a retailer buys from themanufacturer, the retailer makes a profit of 50 rand while for each incorrectly populated card, theretailer makes a loss of 30 rand.Miss Kekana is a retailer and she has decided to buy 22 cards from the manufacturer? The mean ofthe amount of money that Miss Kekana will make is

p(correctly populated)=0.85 ∴p(incorrectly populated)=0.15if correctly populated : profit 50 rand…

Answered: Suppose that a manufacturing process is…

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...

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