A Production Process Is Known to Produce a Particular Item

question 73

Multiple Choice

A production process is known to produce a particular item in such a way that 5 percent of these are defective.If two items are randomly selected as they come off the production line, what is the probability that both are defective (assuming that they are independent) ?

• A)0.0100
• B)0.1000
• C)0.2000
• D)0.0025

Understand methods for altering belief systems and group environments to facilitate change.

Grasp the distinction between intrapersonal, interpersonal, and environmental interventions and their specific applications.

Develop skills in creating, implementing, and evaluating cognitive and behavioral strategies to change thoughts, beliefs, and feelings.

Identify effective strategies for managing diverse dynamics and issues within therapeutic groups.

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Definitions:

Dodd-Frank Act

A comprehensive financial reform legislation enacted in 2010 in the United States, aimed at reducing risks in the financial system and protecting consumers.

Antifraud Provisions

Regulatory measures designed to protect investors by preventing fraudulent trading practices and securities fraud.

Securities Acts

Collectively refers to federal laws, such as the Securities Act of 1933 and the Securities Exchange Act of 1934, regulating the securities industry in the U.S.

Documentary Letter of Credit

A bank's promise to pay the seller on behalf of the buyer upon receipt of specified documents, typically used in international trade.