A Manufacturer of Computer Disks Has a Historical Defective Rate

question 33

Short Answer

A manufacturer of computer disks has a historical defective rate of .001.What is the probability that in a batch of 1000 disks,2 would be defective?

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Definitions:

Independent Contractor

An individual or entity contracted to perform work for—or provide services to—another entity as a non-employee, thereby offering flexibility and operational advantages for the hiring entity.

Journal Entry

A record in accounting that represents the debit and credit sides of a transaction, reflecting changes in account balances.

Invoice

A document issued by a seller to a buyer that lists goods or services provided, their prices, and the total amount owed.

Prepaid Services

Expenses paid in advance for services which are to be received in the future.