Assume that 14 of the items produced in an assembly line, Financial Management

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Assume that 14 of the items produced in an assembly line

Assume that 14% of the items produced in an assembly line operation are defective, but that the firm’s production manager is not aware of this situation. Assume further that the quality assurance department to determine the quality of the assembly operation tests 50 parts. What is the probability that the sample will contain at least 5 defective items?

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Financial Management: Assume that 14 of the items produced in an assembly line

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