The company ASKEL wishes to determine a policy for managing the number of defective products. A decisionmaker from ASKEL wants to simulate the daily defective products for a number of four days. Consider this probability distribution for the random variable X: ‘’ the number of defective products’’. Number of defective products Probability 2 0.2 3 0.4 4 0.24 5 0.16 Compute the cumulative probability for defective products. Compute the expected value of the variable X.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
The company ASKEL wishes to determine a policy for managing the number of defective products.
A decisionmaker from ASKEL wants to simulate the daily defective products for a number of four days.
Consider this
|
Number of defective products |
Probability |
|
2 |
0.2 |
|
3 |
0.4 |
|
4 |
0.24 |
|
5 |
0.16 |
- Compute the cumulative probability for defective products.
- Compute the
expected value of the variable X.
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