Dell Computers receives large shipments of microprocessors from Intel Corp It must try to ensure the proportion of microprocessors that are defective is small
Suppose Dell decides to test five microprocessors out of a shipment of thousands of these microprocessors. Suppose that if at least one of the microprocessors is defective, the shipment is returned.If Intel and Dell agree that Intel will not provide more than 5% defective chips, calculate the probability that the entire shipment will be returned even though only 5% are defective.A) 0.2262
B) 0.3478
C) 0.4564
D) 0.1812
A
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Identify a few situations in which price cuts or price increases might be necessary
What will be an ideal response?