Find the Probability. -A Battery Company Has Found That the Defective Rate of of Its

question 140

Multiple Choice

Find the probability.
-A battery company has found that the defective rate of its batteries is 0.03. Each day, 22 batteries Are randomly tested. On Tuesday, 1 is found to be defective. Round to the nearest thousandth.

• A) 0.110
• B) 0.614
• C) 0.118
• D) 0.348

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Definitions:

Net Realizable Value

The estimated selling price of goods, minus the cost of their sale or completion.

Exit Value

The estimated amount that an asset or investment could be sold for at the end of its useful life.

Economic Resource

Assets or inputs that have the potential to contribute to the production of goods and services, providing economic benefit to businesses or individuals.

Asset

Resources owned or controlled by a business, projected to bring future economic benefits.