(See Solution) PIN pad shipments. Personal identification number (PIN) pads are devices that connect to point-of-sale electronic cash registers for debit
Question: PIN pad shipments. Personal identification number (PIN) pads are devices that connect to point-of-sale electronic cash registers for debit and credit card purchases. Refer to The Nilson Report (Oct. 2008 ) listing of the volume of PIN pad shipments by manufacturers worldwide, Exercise 2.5 (p. 39). Recall that for the 12 manufacturers listed in the table, a total of 334,039 PIN pads were shipped in 2007 . (The data are saved in the PINPADS file.) Suppose you randomly select one of these PIN pads and identify the manufacturer.
- List the sample points for this experiment.
- Explain why the probability of each sample point is not \(1 / 12\), then calculate the probability of each sample point.
- Find the probability that the PIN pad is shipped by either Fujian Landi or SZZT Electronics.
- Suppose that 1,000 of the PIN pads shipped in 2007 were found to be defective. Find the probability that the PIN pad selected is one of the defectives.
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