It Is Known That 10% of the Calculators Shipped from a Particular

question 142

Multiple Choice

It is known that 10% of the calculators shipped from a particular factory are defective. What is the probability that no more than one in a random sample of four calculators is defective?

• A) 0.2916
• B) 0.3439
• C) 0.6561
• D) 0.9477

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Definitions:

Net Income

The net income of a business following the deduction of all costs, such as operational expenses and taxes, from its overall revenue.

Average Total Assets

An indicator of a company's financial health, calculated by adding the beginning and ending total assets for a period and dividing by two.

Managerial Accounting

The practice of identifying, measuring, analyzing, and interpreting accounting information to help managers make informed business decisions.

Internal Users

Employees or departments within an organization who use financial and operational information for decision-making and management purposes.