## what is the probability that the assembly is replaced the first day it is evaluated?

A slitter assembly contains 48 blades. Five blades are selected at random and evaluated each day for sharpness. If any dull blade is found, the assembly is replaced with a newly sharpened
a. If 10 of the blades in an assembly are dull, what is the probability that the assembly is replaced the first day it is evaluated?
b. If 10 of the blades in an assembly are dull, what is the probability that the assembly is not replaced until the third day of evaluation? [Hint: Assume that the daily decisions are independent, and use the geometric distribution.]
c. Suppose that on the first day of evaluation, 2 of the blades are dull; on the second day of evaluation, 6 are dull; and on the third day of evaluation, 10 are dull. What is the probability that the assembly is not replaced until the third day of evaluation? [Hint: Assume that the daily decisions are independent. However, the probability of replacement changes every day.]

### Explain the relevance of SSAE 18 and what does it report on.

Using an Internet web browser, search for AICPA’s Statement on Standards for Attestation Engagements (SSAE) No. 18, and perform the following: a. Explain the relevance of SSAE 18 and what….

### What is the most profitable level of output per week for the new product

ABC plc is about to launch a new product. Facilities will allow the company to produce up to 20 units per week. The marketing department has estimated that at a….

### Calculate the unit selling prices which will: (a) maximise revenue; and (b) maximise profit.

B Ltd manufactures blodgets. It has been ascertained that the market for blodgets is follows:   ● at unit price £20, no blodgets are demanded or sold; ● at unit….