Instruction 6-7 A Company Has 125 Personal Computers.The Probability That Any One

question 174

Multiple Choice

Instruction 6-7
A company has 125 personal computers.The probability that any one of them will require repair on a given day is 0.15.
-Referring to Instruction 6-7,which of the following is one of the properties required so that the binomial distribution can be used to compute the probability that no more than 2 computers will require repair on a given day?

• A)The probability that two or more computers that will require repair in a given day approaches zero.
• B)The probability that a computer that will require repair in the morning is the same as that in the afternoon.
• C)The number of computers that will require repair in the morning is independent of the number of computers that will require repair in the afternoon.
• D)The probability that any one of the computers that will require repair on a given day will not affect or change the probability that any other computers that will require repair on the same day.

---

Definitions:

Profit-Maximizing

A strategy or point at which a business operates to achieve the highest possible profit given its production costs and market conditions.

Marginal Revenue

The incremental revenue earned by selling one more unit of a good or service.

Inelastic

Describing demand or supply that is relatively unresponsive to price changes, meaning the percentage change in quantity is less than the percentage change in price.

Zero Production Costs

The hypothetical situation in which a good or service can be produced with no expenditure or effort, leading to an unlimited supply.