Instruction 5.4 The Probability That a Particular Type of Smoke Alarm Will

question 42

Short Answer

Instruction 5.4
The probability that a particular type of smoke alarm will function properly and sound an alarm in the presence of smoke is 0.8. You have two such alarms in your home and they operate independently.
-Referring to Instruction 5.4,which distribution would you use to determine the probability that all the smoke alarms will function properly in case of a fire?

Generate and interpret bar graphs for individual and comparative data analysis.

Construct and interpret line graphs for trend analysis over time.

Develop and analyze comparative bar graphs for parallel comparison of different data sets.

Create component bar graphs to display segmented information within the same categories.

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Definitions:

Social Responsibility Pyramid

A framework suggesting that businesses are responsible to their stakeholders in a hierarchical manner, starting from economic, legal, ethical, to philanthropic responsibilities.

Milton Friedman

was an American economist known for his strong belief in free-market capitalism and for being a leading proponent of monetarism.

Economic Responsibility

Refers to the duty of organizations to make decisions that benefit the financial health of both the company and the wider economy.

Strategy

A plan of action designed to achieve a long-term or overall aim, often involving positioning a business for competitive advantage.