Math Problem Statement
Find the probability.
A company purchases shipments of machine components and uses this acceptance sampling plan: Randomly select and test 30 components and accept the whole batch if there are fewer than 3 defectives. If a particular shipment of thousands of components actually has a 5% rate of defects, what is the probability that this whole shipment will be accepted?
Solution
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Math Problem Analysis
Mathematical Concepts
Probability
Binomial Distribution
Acceptance Sampling
Formulas
P(X = k) = (n choose k) * p^k * (1 - p)^(n - k)
Cumulative probability: P(X < 3) = P(X = 0) + P(X = 1) + P(X = 2)
Theorems
Binomial Theorem
Probability Theorem
Suitable Grade Level
Undergraduate/Advanced High School (Grades 11-12)
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