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If Tubing Averages 16 Defects Per 100 Meters,what Is the Probability

question 81

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If tubing averages 16 defects per 100 meters,what is the probability of finding exactly 2 defects in a randomly chosen 10-meter piece of tubing?

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Definitions:

Transaction Fee

A charge levied for processing a payment or financial transaction.

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.

Rate of Yield

The percentage of return on an investment, calculated by dividing the income generated by the investment by the cost or current market value of the investment.

Stock Listing

The process of adding a company's shares to the available stocks that can be traded on a particular stock exchange.

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