Original price: $70; Markup: 15%. What is theretail price?
2 answers:
You might be interested in
Answer:
The probability of SFS and SSF are same, i.e. P (SFS) = P (SSF) = 0.1311.
Step-by-step explanation:
The probability of a component passing the test is, P (S) = 0.79.
The probability that a component fails the test is, P (F) = 1 - 0.79 = 0.21.
Three components are sampled.
Compute the probability of the test result as SFS as follows:
P (SFS) = P (S) × P (F) × P (S)
Compute the probability of the test result as SSF as follows:
P (SSF) = P (S) × P (S) × P (F)
Thus, the probability of SFS and SSF are same, i.e. P (SFS) = P (SSF) = 0.1311.