A machine producing electronic circuits has an average failure rate of 15% (theyre difficult to make). The

Question:

A machine producing electronic circuits has an average failure rate of 15% (they’re difficult to make). The cost of making a batch of 500 circuits is £8400 and the good ones sell for £20 each. What is the probability of the firm making a loss on any one batch?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: