A manufactured lot of buggy whips has 20 items, of which 5 are defective. A random sample of 5 items is chosen to be inspected. We need to find the probability that the sample contains exactly one defective item under two scenarios:
When sampling with replacement, each item is put back into the lot before the next item is selected, meaning the probability of picking a defective or non-defective item remains constant with each selection.
The sample can contain exactly one defective item in any one of the following sequences: DNNNN, NDNNN, NNDNN, NNNDN, NNNND, where D represents a defective item and N represents a non-defective item.
the total probability is:
\[ P(\text{exactly one defective}) = 5 \times \left(\frac{1}{4}\right) \times \left(\frac{3}{4}\right)^4 = 0.396 \]
When sampling without replacement, each selected item is not returned to the lot, affecting the probabilities with each selection.
\[ P(\text{exactly one defective}) = \frac{\binom{5}{1} \times \binom{15}{4}}{\binom{20}{5}} = 0.440 \]