4 mgmt questions

Help me study for my Management class. I’m stuck and don’t understand.

Help me sort out the answer. All answer is on google and chegg. U must have a chegg account. If u dont have a chegg account, dont bid.

Example:

Problem 1

Assume that 0.5% of all semiconductor parts produced in a manufacturing process break within one year. The parts can be tested with a very reliable but not perfect screening procedure:

  • 2.5% of the parts that break within one year pass the test
  • 1% of the parts that do not break within one year do not pass the test

A part just failed this test. What is the probability that this part will break within one year?

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