A benchmark index has three stocks priced at $27, $50, and $60. The number of outstanding shares for each is 370,000 shares, 445,000 shares, and 593,000 shares, respectively. If the market value weighted index was 800 yesterday and the prices changed to $27, $47, and $63 today, what is the new index value

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?