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Question: If it is properly adjusted, a machine used to produce Good X produces 5 percent defective units of output. If improperly adjusted it produces 20 percent. You randomly pick a freshly produced unit of Good X and find that it is not defective. What is the probability that the machine is improperly adjusted?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93113196

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