A Certain Type of Battery Has a 0

question 93

Multiple Choice

A certain type of battery has a 0.5% failure rate. Find the probability that a shipment of 1,000 batteries has more than two defective batteries.

• A) 0.175
• B) 0.125
• C) 0.875
• D) 0.600

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Definitions:

Residual Value

The estimated remaining value of an asset at the end of its useful life, often considered in depreciation calculations and lease agreements.

Estimated Useful Life

The expected period over which an asset is useful to the owning entity and contributes to its income generation.

Delivery Truck

A vehicle used by companies to transport goods, products, or materials from one location to another.

Repairs and Maintenance Expense

Costs incurred to keep property, plant, and equipment in efficient operating condition.