All printed circuit boards PCBs that are manufactured at a
All printed circuit boards (PCBs) that are manufactured at a certain plant are inspected. An analysis of the company’s records indicates that 22% of all PCBs are flawed in some way. Of those that are flawed, 84% are reparable and the rest must be discarded. If a newly produced PCB is randomly selected, what is the probability that it does not have to be discarded? 6.66 A financial analyst has determined that there is a 22% probability that a mutual fund will outperform the market over a 1-year period provided that it outperformed the market the previous year. If only 15% of mutual funds outperform the market during any year, what is the probability that a mutual fund will outperform the market 2 years in a row?

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help