A Zipper Manufacturer Has Found That 1

question 17

Multiple Choice

A zipper manufacturer has found that 1.5% of its zippers are defective.The company averages 4982 zippers per day.The probability of finding between 90 and 100 defects in a given day is:

• A) 0.4981.
• B) 0.0310.
• C) 0.0360.
• D) 0.5310.
• E) 0.4671.

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Definitions:

Life-Cycle Curve

A graph representing the stages through which a product goes from introduction to decline in the market.

Product Form

Product form refers to the physical characteristics and features of a product that distinguish it from other products in the market.

Product Class

A broad category of products that serve a similar function or are targeted at a similar market, such as electronics or personal care items.

Product Adoption

The process by which a new product or service is accepted and used by the market.