A Specific Automotive Part That a Service Station Stocks in Its

question 1

Multiple Choice

A specific automotive part that a service station stocks in its inventory has an 8% chance of being defective. Suppose many cars come into the service station needing this
Part each week. What is the probability that the tenth part retrieved from stock is the
First defective?

• A) 0.2348
• B) 0.4344
• C) 0.0378
• D) 0.4722
• E) 0.3780

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Definitions:

Valued Reward

A tangible or intangible benefit given in recognition of achievement, performance, or service deemed desirable by the recipient.

Strategic Plan

A roadmap designed by an organization to outline its goals, strategies, and actions to achieve long-term success and competitive advantage.

Organizational Strategy

A long-term plan formulated by an entity to achieve specific goals and objectives, guiding its direction and allocation of resources.

Performance Standards

Benchmarks or criteria established by businesses or organizations to measure the quality and effectiveness of employee tasks and activities.