Suppose a Computer Chip Manufacturer Rejects 3% of the Chips

question 82

Multiple Choice

Suppose a computer chip manufacturer rejects 3% of the chips produced because they fail presale testing.What is the probability that the seventh chip you test is the first bad one you find?

• A)0.0250
• B)0.03
• C)0.21
• D)0.0007
• E)0.0219

Understand the interplay between technology and globalization as drivers of change.

Recognize the role of technology in countering short product lifecycles through upgrades and new products.

Comprehend the strategic importance of U.S. ports in global supply chains.

Identify security measures such as the Customs Trade Partnership Against Terrorism (C-TPAT).

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Definitions:

Consequences of Options

Evaluating the outcomes or impacts that different decisions or courses of action may lead to.

Ethical Consideration

The process of examining and evaluating actions, decisions, or practices in terms of their moral implications and integrity.

Minimum Wage

The lowest legal hourly pay that employers can give to workers, intended to protect workers from unduly low pay.