The JOSupplies Company Buys Calculators from a Korean Supplier

question 23

Multiple Choice

The J.O.Supplies Company buys calculators from a Korean supplier.The probability of a defective calculator is 10%. If 100 calculators are selected at random,what is the standard deviation of the number of defectives?

• A)9.00
• B)3.17
• C)9.49
• D)3.00

Recognize the significance of well-defined property rights in addressing externalities.

Understand how external benefits and costs influence the efficient allocation of resources.

Learn about market mechanisms for managing pollution and external costs.

Understand the difference between public goods and private goods.

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Definitions:

Opposed Pairs

Terms, concepts, or entities that are directly opposite to each other in meaning or attributes.

Visible Spectrum

The portion of the electromagnetic spectrum that is visible to the human eye, typically encompassing wavelengths from approximately 380 to 750 nanometers.

Primary Colours

Basic colors (red, blue, and yellow) that can be combined to produce a wide spectrum of colors but cannot be created by mixing other colors.

Perceptual Hypothesis

A theory in psychology that explains how sensory information is interpreted to form mental representations of the environment.