Management

The bulbs manufactured by a company gave a mean life of 3000 hours with standard
deviation of 400 hours. If a bulb is selected at random, what is the probability it will
have a mean life less than 2000 hours?
Question:
1) Calculate the probability.
2) In what situation does one need probability theory?

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asked by Rajan
  1. CASE STUDY: 1
    The bulbs manufactured by a company gave a mean life of 3000 hours with standard
    deviation of 400 hours. If a bulb is selected at random, what is the probability it will
    have a mean life less than 2000 hours?
    Question:
    1) Calculate the probability.
    2) In what situation does one need probability theory?
    3) Define the concept of sample space, sample points and events in context of
    probability theory.
    4) What is the difference between objective and subjective probability?

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    2. 0
    posted by Sardar Hakim

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