A P/OM Student Has Purchased a Four-Function Calculator for Use

question 41

Multiple Choice

A P/OM student has purchased a four-function calculator for use during exams.This calculator is perfectly reliable except for two parts: its microchip,which has a failure rate of one in every twenty hours of operation; and its battery,which has a failure rate of one in every ten hours of operation.Also,on average the battery will fail in five hours,with a standard deviation of 30 minutes.What is the probability that a new battery will fail within six hours?

• A)0.0228
• B)0.4772
• C)0.5
• D)0.9544
• E)0.9772

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Definitions:

Securities Issued

Financial instruments such as stocks, bonds, or options that have been offered for sale by a corporation or government entity.

Fund Project

The act of providing financial resources, typically in the form of money, or other values such as effort or time, to finance a project.

Total Value

The aggregate worth of an entity, asset, or portfolio, considering all relevant financial factors.

Market Value

The current market cost for the purchase or sale of an asset or service.