You are trying to determine if you should accept a shipment of balloons for a local party store. About 4% of all balloons which are shipped are defective (they have a hole and cannot be blown up). You are instructed to accept the shipment if no more than 15 balloons out of the 300 you inspect are defective. What is the probability that you accept the shipment
The probability that you accept the shipment is one since the fraction of balloons, defective is 0.04 which is less than 15/300(the max . fraction for acceptance of shipment.
