Suppose a Quality Manager for Dell Computers Has Collected the Following

question 46

Multiple Choice

Suppose a quality manager for Dell Computers has collected the following data on the quality status of disk drives by supplier.She inspected a total of 700 disk drives. Based on these inspection data,what is the probability of randomly selecting a disk drive from company B?

• A)0.07
• B)0.28
• C)0.021
• D)0.76

---

Definitions:

Exchange of Goods

The act of giving one thing and receiving another, especially of the same type or value, commonly referred to in the context of trade or barter.

Buyers and Sellers

The participants in a market who respectively purchase and offer goods or services for trade.

Substitution Effects

The change in the consumption pattern of goods due to a change in their prices, making consumers replace more expensive items with cheaper alternatives.

Downward-sloping

A descriptor often used for demand curves, indicating that as the price of a good or service decreases, the quantity demanded increases.