Three Companies Produce All the Potato Chips Used by Vending

question 120

Essay

Three companies produce all the potato chips used by vending machines in public areas in a Midwestern state.Company A accounts for 70 percent of the chips,Company B 19 percent,and Company C 11 percent.The probability of the vending company getting an unfilled bag is 2 percent for Company A,2 percent for Company B,and 4 percent for Company C..20 C.Suppose an unfilled bag is found.What is the probability that it came from Company C.

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Tax Rate

The rate designated by the state to collect taxes from the profits or income of individuals or firms.

Profit Margin

A measure of profitability calculated as net income divided by revenues.

Professional Office

A professional office is a workspace designed for the use of professionals, such as lawyers, doctors, and accountants, to conduct their business activities.

Real Estate Fees

Charges associated with buying or selling property, including commission for real estate agents, closing costs, and other related expenses.