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Ten percent of the items produced by a machine are defective. Out of 15 items chosen at random,
a.what is the probability that exactly 3 items will be defective?
b.what is the probability that less than 3 items will be defective?
c.what is the probability that exactly 11 items will be non-defective?
Intangible Assets
Non-physical assets owned by a business that have value, such as intellectual property, brand recognition, and goodwill.
Discarding
The act of getting rid of something that is no longer useful or desired, within a context like inventory management or manufacturing.
Fixed Assets
Permanent tangible properties engaged in business operations, which are unlikely to be used up or exchanged for cash in the span of a year.
Goodwill
An intangible asset that is created from such favorable factors as location, product quality, reputation, and managerial skill.
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