THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 199

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
The number of accidents on a particular highway averages 4.4 per year.Assume that the number of accidents follows a Poisson distribution.
-A recent survey showed that 5 percent of the computer keyboards produced by a particular company are defective.What is the probability that out of eight keyboards selected at random,exactly zero keyboards will be defective?

• A)0.0054
• B)0.2793
• C)0.6634
• D)0.6983

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Definitions:

Contract Price

Contract price is the total financial cost agreed upon by all parties for the execution of the terms of a contract.

Usable Barn

A structure that is in a suitable condition for storage or housing of agricultural equipment, livestock, or farm produce.

Condition Precedent

A contractual clause requiring certain conditions to be fulfilled before a contract becomes effective or an obligation is to be performed.

Condition Concurrent

In contracts, conditions that are to happen or be performed at the same time by both parties involved in the agreement.