State any assumptions you are making in using this model.
Question
State any assumptions you are making in using this model.
Solution
In using the hypergeometric distribution model for this scenario, the following assumptions are made:
-
Each bin is either from production line 1 or production line 2, and each bin is either red or not red. There are no other categories or possibilities.
-
The bins are selected randomly. This means that each bin has an equal chance of being selected in the sample of 10 red bins.
-
The selection of each bin is independent of the selection of any other bin. The outcome of one selection does not influence the outcome of any other selection.
-
The total number of bins (120) and the sample size (10) are known and fixed.
-
The number of red bins in the total population and the number of red bins from production line 1 in the population are unknown, but they are fixed and do not change during the selection process.
-
The bins are selected without replacement. This means that once a bin is selected, it is not returned to the population and cannot be selected again.
-
The population size is large enough relative to the sample size, so that the sampling without replacement can be approximated by the hypergeometric distribution.
Similar Questions
State any assumptions you are making in using this model. in short sentence have same probability
A regression model was fitted in R with the following call:lm(y ~ x + I(x^2))Assume that all the modelling assumptions are satisfied. Which of the statements below about this model is FALSE?Group of answer choicesThis model has THREE coefficients that need to be estimated.It would be valid to make a prediction for a value outside the range of observed x.We cannot make a statement about the effect of a 1-unit change of x, on the average value of y.The model fitted contains a quadratic term.
An explicit statement of theoretical assumptions permits the reader to evaluate them critically.Select one:True False
Which of the following is an assumption of the basic EOQ model?a.Quantity discounts are considered.b.Lead time is known and constant.c.Demand may be seasonal.d.Orders can arrive in partial shipments.
Fill in the Blank QuestionFill in the blank question.Patents, economies of scale, and resource ownership are all assumptions of the pure model.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.