Okay, brief background and description:
I own a forum that reviews products. We have a certain retailer that is having serious issues with defective products and are claiming a specific defective rate that we KNOW is way off, but I want to prove this mathematically. You can't argue with the math, right?! I have the data needed, but the math to calculate it escapes me completely. If anyone here can help our forum with this, you will be our hero!
Variables:
The company is claiming a 3% to 5% defective rate
Units: Assume 1,000,000 units sold for this problem
Needed: I would like to know the chances of receiving 1, 2, 3 and even 4 defective units in a row based on the stated defective rate and the amount of units sold.
I own a forum that reviews products. We have a certain retailer that is having serious issues with defective products and are claiming a specific defective rate that we KNOW is way off, but I want to prove this mathematically. You can't argue with the math, right?! I have the data needed, but the math to calculate it escapes me completely. If anyone here can help our forum with this, you will be our hero!
Variables:
The company is claiming a 3% to 5% defective rate
Units: Assume 1,000,000 units sold for this problem
Needed: I would like to know the chances of receiving 1, 2, 3 and even 4 defective units in a row based on the stated defective rate and the amount of units sold.