In a Local Cellular Phone Area,company a Accounts for 60

question 2

Multiple Choice

In a local cellular phone area,company A accounts for 60% of the cellular phone market,while company B accounts for the remaining 40% of the market.Of the cellular calls made with company A,1% of the calls will have some sort of interference,while 2% of the cellular calls with company B will have interference.If a cellular call is selected at random and has interference,what is the probability that it was with company A?

• A)0.071
• B)0.429
• C)0.571
• D)It cannot be determined.

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Definitions:

Early Industrialization

The period marked by the transition from manual production methods to more mechanized and factory-based manufacturing, significantly impacting social and economic structures.

Working Conditions

The environment and terms under which employees perform their jobs, including aspects such as hours, safety, and amenities.

Business Perspective

This refers to the viewpoint or approach to decision-making undertaken from the standpoint of business strategy and outcomes.

Perfectly Competitive Labor Market

An idealized labor market scenario where there are many employers and employees, no single entity can influence wages, and all workers are fully informed and mobile.