A Factory Produces MP3 Players

question 48

Multiple Choice

A factory produces MP3 players.During regular inspections,2% of the MP3 players are found to be defective.On any particular day,what is the probability that the twentieth MP3 player inspected is the first defective player found that day? Round your answer to four decimal places.

• A)0.6812
• B)0.0134
• C)0.0136
• D)0.9864

Recognize the importance of early experiences and environmental interactions in shaping sensory and perceptual development.

Analyze the role of reflexes present at birth and their significance for survival and development.

Grasp how perception guides action according to the ecological view and its comparison with constructivist perspectives.

Understand the developmental milestones in gross motor coordination during the first year of life.

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Definitions:

Utility Function

A representation of how different combinations of goods or services produce levels of happiness or satisfaction for an individual or entity.

Commodities

Fundamental products utilized in trade that can be substituted with similar types of goods, commonly employed as components in manufacturing other products or services.

Perfect Market

An idealized market where all participants have equal access to information, there are no transaction costs, and buyers and sellers are too numerous to affect prices.

Utility Function

An economic model that represents a consumer's preference ranking over a set of goods or outcomes, used to analyze choice and behavior.