If a New Machine of a Production Plant Is Functioning

question 160

Short Answer

If a new machine of a production plant is functioning properly,only 1% of the items produced will be defective.Out of the 1,000 items the plant produces on a single day,the approximate probability that more than 0.2% of the items will be defective if the new machine is indeed functioning properly is .

Understand industrialization and its significance.

Differentiate between market-based and command-based economies.

Recognize the factors affecting the efficiency of labor and capital utilization.

Understand fiscal and monetary policies and their application in economic scenarios.

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Definitions:

Operant Conditioning

A learning process in which the consequences of an action determine the likelihood of it being repeated, influenced by reinforcement or punishment.

Captured Soldiers

Military personnel who have been taken prisoner by an opposing force.

Variable Interval

A reinforcement schedule that rewards a response at random time intervals, without a predictable pattern.

Reinforcement

In behavioral psychology, a process of encouraging or establishing a pattern of behavior by offering reward or punishment.