Suppose That in an Assortment of 6 Calculators, There Are

question 13

Multiple Choice

Suppose that in an assortment of 6 calculators, there are 3 with defective switches. Draw with and without replacement. If two machines are selected at random, what is the probability that both have defective switches? ​

• A) with : , without :
• B) both :
• C) with : , without :
• D) both :
• E) none of these

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Definitions:

Output

The cumulative production of goods or services by a corporation, industry, or the entire economy.

Supply Curve

A graph showing the relationship between the price of a good and the amount of the good that suppliers are willing to sell at that price.

Market Demand

The total amount of a product or service that all consumers in a market are willing and able to purchase at various prices.

Equilibrium Price

This is the price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a state of market balance.