With one method of a procedure called acceptance sampling, a sample of items is randomly selected without replacement and the entire batch is accepted if every item in the sample is okay. a company has just manufactured 507 cds, and 65 are defective. if 3 of these cds are randomly selected for testing, what is the probability that the entire batch will be accepted? does this outcome suggest that the entire batch consists of good cds? why or why not?

1. an economy consists of three workers: larry, moe, and curly. each works 10 hours a day and can produce two services: mowing lawns and washing cars. in an hour, larry can either mow one lawn or wash one car; moe can either mow one lawn or wash two cars; and curly can either mow two lawns or wash one car. a. calculate how much of each service is produced under the following circumstances: a. all three spend all their time mowing lawns. b. all three spend all their time washing cars. c. all three spend half their time on each activity d. larry spends half of his time on each activity, while moe only washes cars and curly only mows lawns b. using your answers to part a, draw a production possibilities frontier and label points a, b, c, and d on your graph. explain why the production possibilities frontier has the shape it does. c. are any of the allocations calculated in part a inefficient? explain.