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  3. a company is trying to reduce the cost of producin

A company is trying to reduce the cost of producing one of its tools It...

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Basic Math

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A company is trying to reduce the cost of producing one of its tools It comes up with a much cheaper new method of production A large box of 2 000 tools produced by both methods is examined by testers Old Method New Method Acceptable 1 640 328 Defective 23 9 100 er a tea too 010 1 One tool is selected at random What is the probability of drawing a tool that is defective or produced by the new method Explain A hat

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