THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 1

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A supplier is evaluating a firm to manufacture a subassembly.Quality data from past inspections reveal the following probabilities for number of defective parts in a shipment:

-What is the probability that the shipment will have defective parts?

• A)0.20
• B)0.90
• C)0.86
• D)0.10

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Definitions:

United States

A country in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Recent Decades

A term referring to the relatively immediate past, often used to describe changes or trends over the last 20 to 30 years.

Economic Situation

Macroeconomic factor that affects the way consumers buy merchandise and spend money, both in a marketer’s home country and abroad; see also inflation, foreign currency fluctuations, and interest rates.

Target Markets

Specific groups of consumers at which a company aims its products and services, identified by various demographic, geographic, and psychographic factors.