Recent content by MichaelShane

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    Undergrad Amazing probability, help me prove it

    Advanced probability Question Question: A wholesalers buys items at £25 each. The wholesalers sells this in batches of 8 to retailers at £36 per item. It is know that, on average , 25 items in a thousand are faulty. (A) Construct the probability distribution table for the number of faulty...
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    Undergrad How Does Faulty Item Compensation Affect Wholesaler Profit?

    Quesiton: A wholesalers buys items at £25 each. The wholesalers sells this in batches of 8 to retailers at £36 per item. It is know that, on average , 25 items in a thousand are faulty. (A) Construct the probability distribution table for the number of faulty items in a batch of 8 items...