A Particular Electronic Component Is Produced at Two Plants for an Electronics

question 52

Multiple Choice

A particular electronic component is produced at two plants for an electronics manufacturer.Plant A produces 70% of the components used and the remainder are produced by plant B.The probability that a component is defective is 0.02 if it is produced at plant A and 0.01 if it is produced at plant B.If the component is defective the revised probability it is produced at plant A, P (A|D) , is closest to ________

• A)0.700
• B)0.824
• C)0.176
• D)0.300
• E)0.698

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Definitions:

Venture Capitalists

Individuals or firms that invest in new or growing businesses in exchange for equity stakes.

Overall Schedule

A comprehensive plan or timetable that outlines the timing and sequence of all tasks, events, or activities involved in a project or venture.

Business Plan

A detailed document outlining the strategy, objectives, market analysis, financial projections, and operational framework for a new or existing business.

Blueprint

A blueprint is a detailed design or plan, often technical in nature, used as a guide for creating something complex, such as a building, system, or product.