A Manufacturing Firm Orders Computer Chips from Three Different Companies

question 70

Essay

A manufacturing firm orders computer chips from three different companies: 10% from Company A; 20% from Company B; and 70% from Company C. Some of the computer chips that are ordered are defective: 4% of chips from Company A are defective; 2% of chips from Company B are defective; and 0.5% of chips from Company C are defective. A worker at the manufacturing firm discovers that a randomly selected computer chip is defective. What is the probability that the computer chip came from Company B? Show your work.

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Definitions:

Quantity Supplied

The volume of a good or service that manufacturers are prepared and able to put on the market at a particular price point within a certain timeframe.

Product Price

The amount of money charged for a product or service, determined by factors like cost, demand, and competition.

Garden Hoses

Flexible tubes used to convey water, typically equipped with a nozzle, for various purposes such as gardening, cleaning, and irrigation.

Plastic Price

Refers to the current market value or cost of plastic materials, which can vary based on supply, demand, and other economic factors.