TABLE 4-5 In a Meat Packaging Plant, Machine a Accounts for 60

question 43

Short Answer

TABLE 4-5
In a meat packaging plant, Machine A accounts for 60% of the plant's output, while Machine B accounts for 40% of the plant's output. In total, 4% of the packages are improperly sealed. Also, 3% of the packages are from Machine A and are improperly sealed.
-Referring to Table 4-5, if a package selected at random came from Machine B, the probability that it is properly sealed is ________.

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Definitions:

Marginal Product

The additional output that results from using one more unit of a production input, holding all other inputs constant.

Demand for Resource

The desire and ability of producers to employ resources in the production process, influenced by those resources' productivity and the market price of the final product.

Complementary Input

Inputs or resources that enhance or are necessary for the use of another good or service, often leading to increased demand for both when one is more widely available or cheaper.

Labor Resource Market

A market where individuals offer their labor, skills, and expertise to employers in exchange for wages, salaries, or other compensations.