A Machine Is Made Up of 3 Components: an Upper

question 150

Multiple Choice

A machine is made up of 3 components: an upper part, a middle part, and a lower part. The machine is then assembled. 5 percent of the upper parts are defective, 4 percent of the middle parts are defective, and 1 percent of the lower parts are defective. What is the probability that a machine is not defective?

• A) 0.1000
• B) 0.9029
• C) 0.8000
• D) 0.0002
• E) 0.7209

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Definitions:

Capital Expenditures

The funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.

Financial Planning

This entails evaluating the necessary capital and deciding on its distribution; it involves the creation of financial policies related to the obtaining, investing, and overseeing of a company's finances.

Cash Functions

The various roles and activities associated with cash management in a business, including collection, disbursement, and investment.

Treasurer

An officer of a company or organization responsible for managing the institution's treasury, including financial planning, risk management, and investment.