THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 215

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The production manager at a local manufacturing plant is concerned about work stoppages in the four production lines.In particular,the manager is evaluating the likelihood of the next stoppage occurring on production line 1.
-Based on his knowledge of the causes of stoppages,the manager states that the probability that production line 1 is stopped next is 25%.This is an example of:

• A)subjective probability.
• B)classical probability.
• C)relative frequency probability.
• D)Bayesian probability.

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Definitions:

Principal

A principal can refer to the amount of money being borrowed or the party managing a group, depending on the context.

Negligently Left

Describes a situation where an individual or entity fails to take proper care in doing something, resulting in something being left behind or unattended in a manner that could cause harm or loss.

Mop And Bucket

A basic cleaning tool consisting of a mop for washing and a bucket for holding cleaning water or solutions, commonly used for floor cleaning.

Liability

A legal responsibility or obligation to compensate someone else for harm or damage that has been caused.