A Company Has 2 Machines That Produce Widgets

question 139

Multiple Choice

A company has 2 machines that produce widgets.An older machine produces 23% defective widgets,while the new machine produces only 8% defective widgets.In addition,the new machine produces 3 times as many widgets as the older machine does.Given that a widget was produced by the new machine,what is the probability it is not defective?

• A)0.06
• B)0.50
• C)0.92
• D)0.94

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Definitions:

Value Creation

The process of enhancing a product or service in ways that increase its worth to consumers, thereby generating higher sales or margins.

Form Utility

Form utility refers to the value or usefulness that a product gains from its form or design, enhancing its desirability to users.

Time Utility

The economic value added to goods and services by making them available at the most convenient time for consumers.

Direct Channel

A distribution method where products or services are sold directly from the producer to the consumer, without intermediaries.