You are operations manager for a plant that produces computer monitor. At the end of the day tomorrow, you will find out how many machines were produced and, of these how many are defective.

Questions

1. 
   Describe the random experiment identified here.
2. 
   What is the sample space?
3. 
   Identify precisely the event "met the goal of at least 500 working (non-defective) monitors with  2 or fewer defective monitors" by listing the sample space
4. 
   In 22 of the past 25 days, this goal has been met. Find the appropriate relative frequency.
5. About how far away from the true, unknown probability of meeting the goal is the relative frequency from part 4? Assume these were independent runs of the same random experiment.

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Solution: The downloadable solution consists of 3 pages, 257 words.
Deliverable: Word Document