Fred owns a company that produces thousands of pegs each day. He randomly selects 41 pegs that are produced on one day and finds eight faulty pegs.
- What is the proportion of faulty pegs in this sample? (1 mark)
- Pegs are packed each day in boxes. Each box holds 12 pegs. Let `hat P` be the random variable that represents the proportion of faulty pegs in a box.
The actual proportion of faulty pegs produced by the company each day is `1/6`.
Find `text(Pr)(hat P < 1/6)`. Express your answer in the form `a(b)^n`, where `a` and `b` are positive rational numbers and `n` is a positive integer. (2 marks)