Find the Indicated Probability

question 138

Multiple Choice

Find the indicated probability.
-A batch consists of 12 defective coils and 88 good ones. Find the probability of getting two good coils when two coils are randomly selected if the first selection is replaced before the second is made.

• A) 0.7733
• B) 0.7744
• C) 0.0144
• D) 0.176

---

Definitions:

Cost-Benefit Analysis

A systematic approach to estimate the strengths and weaknesses of alternatives, assessing the value of costs and benefits to support decision-making.

Paired-Choice Majority Votes

A voting method in which voters choose between pairs of candidates or options, with the majority preference deciding the outcome.

Paradox of Voting

The situation where individual rationality does not lead to collective rationality, suggesting that the cost of voting outweighs the apparent benefits.

Median-Voter Model

A theoretical model suggesting that the outcome of majority rule voting systems will reflect the preferences of the median voter.