It Is Known That 10% of the Calculators Shipped from a Particular

question 136

Multiple Choice

It is known that 10% of the calculators shipped from a particular factory are defective. What is the probability that at least one in a random sample of four calculators is defective?

• A) 0.0010
• B) 0.2916
• C) 0.3439
• D) 0.6561

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Definitions:

Expenses

Costs incurred in the process of earning revenue, typically categorized into operating expenses or non-operating expenses.

Writing Off

The process of recognizing that an asset has lost value or a debt is uncollectible and reflecting this in the accounting records.

Bad Debt

Money owed to a company that is unlikely to be paid by the debtor, often leading to a financial loss for the company.

Receivables Balance

The total amount of money owed to a company by its customers for goods or services delivered on credit.