Lot inspection sampling Imagine you are purchasing small lot
     Lot inspection sampling. Imagine you are purchasing small lots of a manufactured product. If it is very costly to test a single item, it may be desirable to test a sample of items from the lot instead of testing every item in the lot. Suppose each lot contains 10 items. You decide to sample 4 items per lot and reject the lot if you observe 1 or more defective.  If the lot contains I defective item, what is the probability that you will accept the lot?  What is the probability that you will accept the lot if it contains 2 defective items? 
  
  Solution
a)
There are 10C4 ways to choose any 4 items.
There are 9C4 ways to choose 4 non defectives.
Thus,
P(accept) = 9C4 / 10C4 = 0.6 [ANSWER]
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b)
There are 10C4 ways to choose any 4 items.
There are 8C4 ways to choose 4 non defectives.
Thus,
P(accept) = 8C4 / 10C4 = 0.333333333 [ANSWER]

