Suppose a Computer Chip Manufacturer Rejects 3% of the Chips

question 25

Multiple Choice

Suppose a computer chip manufacturer rejects 3% of the chips produced because they fail presale testing.If you test 3 chips,what is the probability that none of the chips fail?

• A)0.97
• B)0.03
• C)2.7 ×
• D)0.09
• E)0.9127

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Definitions:

Acceptance

In contract law, an agreement to the terms of an offer, which creates a binding contract.

Bilateral

Pertains to agreements or contracts involving two parties where each side is obligated to fulfill certain duties.

Unilateral

An action or agreement in which only one party makes a promise or fulfills a requirement, without requiring a reciprocal action.

Express Agreement

A contract or agreement in which the terms are explicitly stated and agreed upon by all parties involved.