On a Particular Production Line, the Likelihood That a Light

question 84

Multiple Choice

On a particular production line, the likelihood that a light bulb is defective is 5%. Ten light bulbs are randomly selected. What is the probability that two light bulbs will be defective?

• A) 0.0105
• B) 0.0746
• C) 0.3151
• D) 0.5987

---

Definitions:

National Saving

The total saving in an economy, consisting of both private savings by households and businesses, and public savings by the government.

Formal Budget Process

The systematic procedures followed by organizations or governments to estimate revenues, plan expenditures, and manage finances.

Economic Report

A document that provides information about the economic performance, policies, and conditions of a country, region, company, or sector.

National Debt

The total amount of money that a country's government has borrowed, through various means.