Examlex

Solved

Use a Tree Diagram to Find the Indicated Probability

question 1

Multiple Choice

Use a tree diagram to find the indicated probability.
-In the town of Cheraw,a certain type of laptop computer is sold at just two stores.Store A has 38% of the sales, 4% of which are of defective items,and store B has 62% of the sales,2% of which are of defective items.A
Person receives one of these laptop computers as a gift.What is the probability it is defective?


Definitions:

Product Development

The process of bringing a new product or service to the market, which includes ideation, design, development, testing, and launching.

Differentiation

The process by which companies distinguish their products or services from others in the market to create a perceived value and gain a competitive edge.

Monopolistic Competition

A market structure where many firms sell products that are similar but not identical, allowing for competitive pricing and product differentiation.

Creative Destruction

A concept in economics that describes the process by which new innovations replace outdated technologies and ideas, driving economic progress.

Related Questions