Ryerson Company has three sales departments, each contributing the following percentages of total sales: clothing, 50%; hardware, 30%; and household sundries about 20%. In the past, the clothing, hardware, and household sundries department had error rates of about 2%, 5% and 2.5%. A random corporate audit has found a weekly damaged goods rate of sufficient magnitude to alarm Ryerson’s management. The probability (rounded) that this rate occurred in the clothing department is (M) a. 50% b. 1% c. 25% d. 33.33%
Ryerson Company has three sales departments, each contributing the following percentages of total sales: clothing, 50%; hardware, 30%; and household sundries about 20%. In the past, the clothing, hardware, and household sundries department had error rates of about 2%, 5% and 2.5%. A random corporate audit has found a weekly damaged goods rate of sufficient magnitude to alarm Ryerson’s management. The probability (rounded) that this rate occurred in the clothing department is (M) a. 50% b. 1% c. 25% d. 33.33%
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter6: Statistical Inference
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Ryerson Company has three sales departments, each contributing the following percentages of total sales: clothing, 50%; hardware, 30%; and household sundries about 20%. In the past, the clothing, hardware, and household sundries department had error rates of about 2%, 5% and 2.5%. A random corporate audit has found a weekly damaged goods rate of sufficient magnitude to alarm Ryerson’s management. The probability (rounded) that this rate occurred in the clothing department is (M)
a. 50%
b. 1%
c. 25%
d. 33.33%
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