Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A Texas clock company owns two factories, one in Dallas and one in Fort Worth. The Fort Worth factory makes 70% of their clocks, and 5% of their clocks are defective. However, 2% of the Dallas clocks are defective. If you go shopping and buy a clock from this company, what is the probability that you buy a defective clock?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9112630

Have any Question?


Related Questions in Statistics and Probability

A puck company wants to sponsor the players with the 10

A puck company wants to sponsor the players with the 10% quickest goals in hockey games. The times of first goals are normally distributed with a mean of 8.54 minutes and a standard deviation of 4.91 minutes. How fast wo ...

The length of time a person takes to decide which shoes to

The length of time a person takes to decide which shoes to purchase is normally distributed with a mean of 8.21 minutes and a standard deviation of 1.90. Find the probability that a randomly selected individual will take ...

The torval company made a credit sale of 15000 the invoice

The Torval Company made a credit sale of $15,000. The invoice was sent today with the terms, 3/15 net 60. This customer normally pays at the net date. If your opportunity cost of funds is 9% the expected payment is worth ...

What considerations do you need to take when considering

What considerations do you need to take when considering "time value of money"? Why is the following statement true? "A dollar today is worth more than a dollar tomorrow."

A foreign trader at the banks tx desk calls to inform you

A Foreign trader at the bank's TX desk calls to inform you that the company TD Bank is  quoting $1.20/€1, and Bank of America is offering $1.40/£1. The trader also noticed thatCredit Z is also making the market in pound ...

The probability that a student passes a class is pp 059the

The probability that a student passes a class is p(P) = 0.59. The probability that a student studied for a class is p(S) = 0.55. The probability that a student passes a class given that he or she studied for the class is ...

In a pre-election poll a candidate for district attorney

In a? pre-election poll, a candidate for district attorney receives 253 of 500 votes. Assuming that the people polled represent a random sample of the voting? population, test the claim that a majority of voters support ...

Why is sustainability in the sport industry linked to the

Why is sustainability in the sport industry linked to the green movement?

A rainstorm in portland oregon wiped out the electricity

A rainstorm in Portland, Oregon, wiped out the electricity in 10% of the households in the city. Suppose that a random sample of 70 Portland households is taken after the rainstorm. Estimate the number of households in t ...

Across the nine cities in multilevel multivariate analysis

Across the nine cities, in multilevel, multivariate analysis, controlling for income inequality (GINI coefficient), percent living in poverty and percent Non-Hispanic Black population, the ZIP code level overall HIV diag ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As