[Step-by-Step] The industry standards suggest that 10% of new vehicles require warranty service within the first year. A dealer sold 15 Nissans yesterday.
Question: The industry standards suggest that 10% of new vehicles require warranty service within the first year. A dealer sold 15 Nissans yesterday. Use equation (page 209) for part a) and Table II in back of book for part b) & c). Explain how you got values from table.
- What is the probability that none of these vehicles requires warranty service?
- What is the probability that exactly one of these vehicles requires warranty service?
- Determine the probability that exactly 2 of these vehicles require warranty service.
- Compute the mean and std. dev. of this probability distribution.
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