Answer with explanation:
According to the Binomial probability distribution ,
Let x be the binomial variable .
Then the probability of getting success in x trials , is given by :
, where n is the total number of trials or the sample size and p is the probability of getting success in each trial.
As per given , we have
n = 15
Let x be the number of defective components.
Probability of getting defective components = P = 0.03
The whole batch can be accepted if there are at most two defective components. .
The probability that the whole lot is accepted :
![P(X\leq 2)=P(x=0)+P(x=1)+P(x=2)\\\\=^(15)C_0(0.03)^0(0.97)^(15)+^(15)C_1(0.03)^1(0.97)^(14)+^(15)C_2(0.03)^2(0.97)^(13)\\\\=(0.97)^(15)+(15)(0.03)^1(0.97)^(14)+(15!)/(2!13!)(0.03)^2(0.97)^(13)\\\\\approx0.63325+0.29378+0.06360=0.99063](https://img.qammunity.org/2020/formulas/mathematics/college/a82gvwccesdmyexan5dhealn09i2p55jde.png)
∴The probability that the whole lot is accepted = 0.99063
For sample size n= 2500
Expected value :
![\mu=np= (2500)(0.03)=75](https://img.qammunity.org/2020/formulas/mathematics/college/6xcbw7w4z81d14l5g5udzr83biz10dk3e6.png)
The expected value = 75
Standard deviation :
![\sigma=√(np(1-p))=√(2500(0.03)(0.97))\approx8.53](https://img.qammunity.org/2020/formulas/mathematics/college/rkw6ruzqhi8ql0tyoak7nto6yg7tzuhqo3.png)
The standard deviation = 8.53