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

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Definitions:

Employment-Based Insurance

A form of health insurance coverage that is provided to employees by the employer as part of a benefit package.

Adverse Selection

A situation in market transactions where asymmetric information results in high-risk parties being more likely to engage in the transaction, often discussed in the context of insurance.

Poverty

Poverty is the condition where an individual or community lacks the financial resources and essentials for a minimum standard of living.

Absolute Terms

Describes quantities or conditions that are not relative or comparative, standing independently on their own.