Table 13-1 The Table Below Represents the Probability Distribution for Machine Breakdowns

question 34

Multiple Choice

Table 13-1
The table below represents the probability distribution for machine breakdowns in a day of operation.
-According to Table 13-1,what is the cumulative probability of 2 breakdowns?

• A)0.35
• B)0.50
• C)0.85
• D)0.15
• E)0.20

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Definitions:

Labor Productivity

A measure of economic performance that calculates the amount of goods and services produced per hour of labor.

Per-Worker Production Function

The relationship between the amount of capital per worker in the economy and average output per worker.

Per-Worker Production Functions

A model depicting how the output produced by an average worker changes in response to varying levels of capital or technology per worker.

Tractors Per Worker

A measure of capital intensity, representing the number of tractors available to each worker in the agricultural sector to enhance productivity.