Examlex
Find the indicated probability. Round to three decimal places.
-A machine has 11 identical components which function independently. The probability that a component will fail is 0.2. The machine will stop working if more than three components fail. Find the probability that the
Machine will be working.
Economic Growth
An increase in the production of goods and services in an economy over a period of time, often measured by GDP.
Moses Abramovitz
An American economist known for his contributions to economic growth theory and for his work on the measurement of economic productivity.
Robert Solow
An American economist known for his work on the theory of economic growth that emphasizes the role of technology and technological innovation.
Triple-E Class
A classification of the largest container ships, standing for Economy of scale, Energy efficiency, and Environmental performance.
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