THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 171

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
The quality of computer disks is measured by sending the disks through a certifier which counts the number of missing pulses.A certain brand of computer disks averages 0.1 missing pulse per disk.Let the random variable X denote the number of missing pulses.
-Find the probability the next inspected disk will have no missing pulse.

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Definitions:

Well-Defined Property Rights

Legal parameters that establish ownership and delineate the use of resources or assets.

Mutually Beneficial Trades

Transactions between parties that improve the welfare of each participant.

Market Failures

Situations where the allocation of goods and services by a free market is not efficient, often leading to a loss of economic value.

Property Rights

Legal rights to possess, use, and dispose of assets, including real property or intellectual property, ensuring control and economic benefits to the rights holder.