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The JOSupplies Company Buys Calculators from a Non-US Supplier

question 66

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The J.O.Supplies Company buys calculators from a non-US supplier.The probability of a defective calculator is 10 percent.If 3 calculators are selected at random,what is the probability that one of the calculators will be defective?

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Definitions:

Economic Stability

Economic stability refers to a state where an economy experiences constant growth, low inflation, and low unemployment, reflecting a balanced economic environment.

Stock-Market Crash

A rapid and often unanticipated drop in stock prices across a significant cross-section of a stock market, resulting in a loss of paper wealth.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by widespread unemployment and poverty.

Economic Theory

A set of principles and frameworks designed to explain and predict patterns in economic activities, consumption, production, and trade, among other aspects.

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