Approximately 1% of All USPS Package Deliveries Are Lost

question 21

Multiple Choice

Approximately 1% of all USPS package deliveries are lost.You select 10 deliveries at random.Assuming that all the binomial conditions are met, what is the "expected" number of lost packages in this 10 delivery sample?

• A)1.00
• B).1542
• C).0666
• D).100
• E).0914

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Definitions:

Savings

The portion of income not spent on current expenditures and set aside for future use.

Investment

The action of dedicating resources such as capital, time, or effort to a particular venture with the expectation of achieving a beneficial return.

Productivity

A measure of the efficiency of production, often quantified as the ratio of outputs to inputs in the production process.

Adaptive Hypothesis

A theory suggesting that individuals adjust their expectations based on past experiences and gradually adapt to the reality of market conditions.