I’m using JMP Pro 12.1 and have questions that I hope you could help on using JMP to answer them.
Product runs are generating defects.
Mean defect rate = 0.002 (average 1 defect every 500pcs)
Std Dev = 0.01
1. What is the probability of finding at least 1 defect when I random sample 500pcs?
2. What is the minimum sample size I need to sample in order to get at least 1 defect at Alpha = 0.05
3. Is Alpha = 0.05 equivalent to 95% Confidence Interval?