Solve the Problem. -Of the Coffee Makers Sold in an Appliance Store, 5

question 193

Multiple Choice

Solve the problem.
-Of the coffee makers sold in an appliance store, 5% have either a faulty switch or a defective cord, 1.3% have a faulty switch, and 0.3% have both defects. What is the probability that a coffee maker will have a defective cord given that it has either a faulty switch or defective cord? Round to the nearest thousandth.

• A)0.003
• B)0.013
• C)0.260
• D)0.800

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Definitions:

Outsourcing

The practice of hiring external firms or individuals to perform tasks, handle operations, or provide services that are either difficult to manage or outside the company's core business.

Labor Surplus

Refers to a situation where the supply of labor exceeds the demand for labor in the market, leading to unemployment or underemployment.

Outsourcing

The practice of hiring third parties to perform services or create goods that were traditionally done in-house, often to save costs or tap into specialized expertise.

Labor Surplus

A situation in the labor market where the supply of labor exceeds the demand for labor, often leading to unemployment or decreased wages.