Average proportion of defectives


Assume that the proportion of defectives shipped by vendor, which varies somewhat from shipment to shipment, might be looked upon as a random variable having a beta distribution with α=1 and β=4.

(a) Find out the average proportion of defectives in a shipment from this vendor.

(b) Find out the probability that a shipment from this vendor will contain 25% or more defectives.

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Basic Statistics: Average proportion of defectives
Reference No:- TGS0854426

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