A company ships 4,600 car axles a day ($1,175 worth of components in each vehicle). This steady stream of production has a defect rate of 0.01%. Calculate the probability that 0 defects will be found in a sample of 160.

Name: A company ships 4,600 car axles a day ($1,175 worth of components in each vehicle). This steady stream of production has a defect rate of 0.01%. Calculate the probability that 0 defects will be found in a sample of 160.
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\begin{array} { l } P ( 0 ) = \frac { 160 ! } { 0 ! 160 ! } ( 0.0001 ) ^ { 0 } ( 0.9999 ) ^ { 160 } \P ( 0 ) = 0.984\end{array}

A Company Ships 4,600 Car Axles a Day ($1,175 Worth