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A company has 2 machines that produce widgets.An older machine produces 23% defective widgets,while the new machine produces only 8% defective widgets.In addition,the new machine produces 3 times as many widgets as the older machine does.Given that a randomly chosen widget was tested and was found to be defective,what is the probability that it was produced by the new machine?
Eurodollar Deposits
U.S. dollars deposited in banks outside the United States, often used in international transactions.
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