A Manufacturer of Widgets Has Three Assembly Lines: A,B,and C

question 49

Multiple Choice

A manufacturer of widgets has three assembly lines: A,B,and C.The percentages of total daily output that are produced by the lines are 50%,30%,and 20%,respectively.The percentages of defective units produced by the lines are estimated to be 2%,3%,and 1%,respectively.If a widget is randomly selected from a day's production and is defective,what is the probability that it came from assembly line B?

Illustrate key experiments in behaviorism, such as those conducted by Pavlov, Thorndike, and others.

Define critical terminology used in behavioral psychology, including unconditioned and conditioned stimuli and responses.

Comprehend the applications of operant conditioning in practical settings like education and behavior modification.

Understand the role and functions of financial intermediaries.

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Definitions:

Risk-Free Asset

An investment that provides a guaranteed return with no risk of financial loss.

Stock Market

A marketplace where buyers and sellers trade shares of publicly held companies, reflecting the economic health and investor sentiment toward those companies.

Opportunity Cost

The value of the next-best alternative when a decision is made; it's what is foregone to undertake a certain action.

Capital

Financial assets or their financial value, including funds in deposit accounts, as well as the machinery, buildings, or equipment used in producing goods and services.