The Probability That a Given Computer Chip Will Fail Is

question 104

Multiple Choice

The probability that a given computer chip will fail is .02. Find the probability that of 5 delivered chips, exactly 2 chips will fail.

• A) .9962
• B) .0999
• C) .0038
• D) .0000

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Definitions:

Upper Quintile

The top 20% segment of a population when it is divided into five equal groups by some measure such as income or wealth.

Income Received

Refers to the total amount of money or its equivalent received by an individual or a group over a specific time period, including wages, salaries, benefits, and earnings from investments.

Conservative Solution

A Conservative Solution refers to a strategy or approach that leans towards traditional values and the avoidance of risk in the context of economic, political, or social issues.

Welfare Dependency

A situation where individuals or families rely on government welfare programs as their main source of income over extended periods.