A Company Has Two Machines That Produce Widgets

question 128

Multiple Choice

A company has two machines that produce widgets.An older machine produces 23% defective widgets,while the new machine produces only 8% defective widgets.In addition,the new machine produces three times as many widgets as the older machine does.Given that a widget was produced by the new machine,what is the probability it is not defective?

• A) 0.06
• B) 0.92
• C) 0.50
• D) 0.94

Comprehend how fixed and variable costs contribute to total cost.

Apply economic principles to determine profit-maximizing output levels.

Understand the concept of framing and its impact on decision making.

Grasp the basic units and structure of cognitive processes including concepts, prototypes, and heuristics.

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Definitions:

Randomized Group Design

An experimental design where subjects are randomly assigned to different groups to test the effects of a treatment.

Sum of Squares

A statistical measure of the dispersion or variation in a set of values, used to calculate variance and standard deviation.

Population Means

The average of a characteristic or measurement of interest for the entire population being studied.

Randomized Block Design

A statistical experimental design that groups similar experimental units into blocks to account for variability and then randomly applies treatments within each block.