Solve the Problem. -In a Sample of 85 Widgets, 2 Were Defective. How

question 35

Multiple Choice

Solve the problem.
-In a sample of 85 widgets, 2 were defective. How many defective widgets would you expect in a sample of 340 widgets?

• A)6 widgets
• B)11 widgets
• C)8 widgets
• D)22 widgets

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Definitions:

Incentivize

To provide motivation or encouragement through rewards or benefits, aiming to promote certain behaviors or actions.

Insurable Interest

A principle that requires an individual to have a stake in the safety or preservation of the insured object against loss or damage.

Financial Benefit

An economic advantage or gain received, such as income, dividends, or appreciation in asset value.

Fair Market Value

Fair market value is the price at which a willing buyer and a willing seller, both having reasonable knowledge of the relevant facts, would engage in a transaction.