A company is reviewing a batch of 20 products to determine if any are defective. On average, 3.8% of products are defective.
Does this situation describe a binomial experiment, and why?
What is the probability that the company will find 2 or fewer defective products in this batch?
What is the probability that 4 or more defective products are found in this batch?
If the company finds 5 defective products in this batch, should the company stop production?