Compute the Probabilities of Hypergeometric Experiments

question 12

Multiple Choice

Compute the Probabilities of Hypergeometric Experiments
-An electronics store receives a shipment of 54 flat screen TVs of which 11 are defective. During the quality control inspection, 3 TVs are selected at random from the shipment for testing. The shipment will only be accepted if all 3 TVs pass the inspection. What is the probability that the shipment will be accepted

• A) 0.4975
• B) 0.5049
• C) 0.0085
• D) 0.0067

Recognize the importance of message customization and the role of media in marketing communications.

Explain the principles of authority, reciprocity, and source credibility in persuasion.

Understand the concept of customer co-creation and its significance in product development and marketing.

Describe the use of social media and other digital platforms in marketing and how they influence consumer behavior.

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Definitions:

Inventory

The goods and materials that a business holds for the ultimate goal of resale or processing.

Absorption Costing

An approach to calculating costs that encompasses all expenses related to production, including direct materials, direct labor, and all manufacturing overheads, whether they are variable or fixed, within a product's cost.

Variable Costing

A cost accounting method that only allocates variable production costs to products, while fixed costs are treated as period expenses.

Net Income

The net earnings of a business once all costs, taxes, and expenses have been deducted from its total income.