Problem
A company purchases shipments of machine components and uses this acceptance sampling plan: Randomly select and test components and accept the whole batch if there are fewer than 3 defectives. If a particular shipment of thousands of components actually has a 66% rate of defects, what is the probability that this whole shipment will be accepted? Round to three decimal places.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.