Judging from Recent Experience,5% of the Computer Keyboards Produced by an Automatic,high-Speed

question 14

Multiple Choice

Judging from recent experience,5% of the computer keyboards produced by an automatic,high-speed machine are defective. If six keyboards are randomly selected,what is the probability that none of the keyboards are defective?

• A)0.001
• B)0.167
• C)0.735
• D)0.500

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Definitions:

Expenditures

The total amount of money spent by individuals, businesses, or governments on goods and services.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculated as the total value of all goods and services produced within the country in a specific time period.

Unfunded Promises

Commitments or obligations, especially by a government, for which no money has been set aside to fulfill them.

Economic Theory

A set of principles and frameworks that aim to explain and predict the behaviors of individuals, firms, and governments in an economy.