A producer of a certain type of electronic component ships to suppliers in lots of twenty. Suppose that 60% of all such lots

4 answers
Question:

A producer of a certain type of electronic component ships to suppliers in lots of twenty. Suppose that 60% of all such lots contain no defective components, 30% contain one defective component, and 10% contain two defective components. A lot is picked, two components from the lot are randomly selected and tested, and neither is defective.

Answers

answer; /// radio frequency identification;

answer decisions made by individual households and firms;

answer/// product differentiation;

Answer flexible interest rates in the credit market cause any consumer saving to be exactly offset by business investment;

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