A Machine Is Made Up of 3 Components: an Upper

question 103

Multiple Choice

A machine is made up of 3 components: an upper part,a mid part,and a lower part.The machine is then assembled.5 percent of the upper parts are defective;4 percent of the mid parts are defective;1 percent of the lower parts are defective.What is the probability that a machine is non-defective?

• A)0.100
• B)0.903
• C)0.900
• D)0.0002
• E)0.912

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Definitions:

Contribution Margin Ratio

A financial metric that shows the portion of sales revenue that is not consumed by variable costs and is available to cover fixed costs.

Net Income

The earnings of a company after taking into account all expenses, including operational costs, interest, and taxes, subtracted from its total revenue.

Additional Advertising

Additional Advertising denotes the increased efforts or expenditures in promotional activities aimed at boosting sales or awareness beyond the initial or planned scope.

Scatter Diagram

A graphical representation that displays the relationship between two variables, typically to identify correlation patterns.