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Forums › ACCA Forums › ACCA MA Management Accounting Forums › CORRELATION COEFFICIENT
A firm manufactures a product in batch of 2500. output is classified as premium quality, standard quality or REJECTS. the folling probabilities have been calculated for the outputs
GRADE PROBABILITY
PREMIUM 0.5
STANDARD 0.4
How many REJECTED products are expected from each batch?
i can’t understand
SOMEBODY CAN ANSWER THIS QUESTION?
2500 Total Batch.
Grade Premium Probability Is 0.5 Or 50% is 1250
Grade Standard Probability is 0.4 or 40% is 1000
remaining Probability Of 0.1 Or 10% Is REJECT Batch Of Output Which is 250.. I Hope u Understand now
hey hans007s , thanks you so much . ya i can’t understand .thanks again
hello
typing error above ! ya i understand. thanzz hans007