Part 2 (3.5 pts) Inspectors examine all shipments of a product before they are s
ID: 3046153 • Letter: P
Question
Part 2 (3.5 pts)
Inspectors examine all shipments of a product before they are shipped.
Over a few month period the following data was collected based upon returns
and re-inspection of shipments rejected.
Inspector Action
Quality Accept Reject Totals
Good 255.00 15.00 270.00
Bad 3.00 27.00 30.00
Totals 258.00 42.00 300.00
1. Use the above table to calculate the probabilities of each event or outcome in the table below.
Inspector Action
Quality Accept Reject Totals
Good 0.00 0.00 0.00 <<< Enter formulas in the green cells in this table.
Bad 0.00 0.00 0.00
Totals 0.00 0.00 0.00
2. What is the probability a shipment is accepted as good when it is actually bad? (Bad and Accepted)
0.00 <<< Enter formula
3. What is the probability a shipment is rejected and disposed of when it is actually good? (Good and Rejected)
0.00 <<< Enter formula
4. What is the probability a shipment is bad?
0.00 <<< Enter formula
5. What is the probability the inspection process makes the wrong decision?
0.00 <<< Enter formula
6. If your production line produces shipments that are valued at $1000 and you make 100 shipments per month
what is the cost per month of rejecting a good shipment?
$0.00 <<< Enter formula
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Explanation / Answer
Accept Reject Good 255 15 270 Bad 3 27 30 258 42 300 a) Accept Reject Good 0.85 0.05 0.9 Bad 0.01 0.09 0.1 0.86 0.14 1 b) 0.01 c) 0.05 d) 0.86 e) (0.05+0.01)=0.6