The Following Table Describes the Results of Roadworthiness Tests of Ford

question 173

Multiple Choice

The following table describes the results of roadworthiness tests of Ford Focus cars that are three years old (based on data from the Department of Transportation) . The random variable x represents the number of cars
That failed among six that were tested for roadworthiness: $$\begin{array} { | c | c | } \hline x & P ( x ) \\\hline 0 & 0.377 \\\hline 1 & 0.399 \\\hline 2 & 0.176 \\\hline 3 & 0.041 \\\hline 4 & 0.005 \\\hline 5 & 0 + \\\hline 6 & 0 + \\\hline \hline\end{array}$$ Find the probability of getting three or more cars that fail among six cars tested.

• A) 0.222
• B) 0.048
• C) 0.005
• D) 0.046

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Definitions:

Productive Efficiency

A situation in which an economy or entity is producing goods and services at the lowest possible cost, utilizing all its resources efficiently.

Allocative Efficiency

A state of resource allocation where goods and services are distributed according to consumer preferences, with each good produced up to the point where the last unit provides a level of utility equal to its cost of production.

Productive Efficiency

A situation where goods and services are produced at the lowest possible cost and resources are utilized optimally.

Cost Minimization

A strategy employed by businesses to reduce production or operational costs to the lowest possible level without sacrificing quality or output.