Find the Indicated Probability

question 32

Multiple Choice

Find the indicated probability. Round to the nearest thousandth.
-A sample of 4 different calculators is randomly selected from a group containing 14 that are defective and 39 that have no defects. What is the probability that at least one of the calculators is
Defective?

• A) 0.281
• B) 0.719
• C) 0.707
• D) 0.140

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Definitions:

Total Variable Cost

The total of all costs that vary with the level of output, including materials, labor, and other expenses that increase as production increases.

Total Cost

The sum of fixed cost and variable cost.

ATC

Average Total Cost, which is the total cost of production divided by the quantity of output produced, encompassing both fixed and variable costs.

Plant Size

The physical capacity or output potential of a manufacturing or production facility.