Apharmaceutical company receives large shipments of aspirin tablets. the acceptance sampling plan is to randomly select and test 19 tablets, then accept the whole batch if there is only one or none that doesn't meet the required specifications. if a particular shipment of thousands of aspirin tablets actually has a 3% rate of defects, what is the probability that this whole shipment will be accepted?

Probability will be 0.5779

Step-by-step explanation:

Number of tablets n = 19

Probability of defect rems that is p = 0.03

Here number of trials is fixed and probability of success = 0.03

Here p = 0.03

So q = 1 - p = 1 -0.03 = 0.97

By using binomial distribution

Probability is given by

So P(0 or 1) =

unpaid balance is : $149.99-$50 = $99.99 new balance = 149.99+2.62-50 = $102.61 finance charge = 99.99- 0.21/12= $1.75 new balance = 99.99+1.75 = $101.74 average daily balance method average daily balance= 3399.70/30 = $113.32 finance charge = $ 0.21/12ă—113.32 = $1.98 new balance = $149.99-50+1.98 = $101.97