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Scrap rate of machine parts. A press produces parts used in the manufacture of large-screen plasma televisions. If the press is correctly adjusted, it produces parts with a scrap rate of 5%. If it is not adjusted correctly, it produces scrap at a 50% rate. From past company records, the machine is known to be correctly adjusted 90% of the time. A quality-control inspector randomly selects one part from those recently produced by the press and discovers it is defective. What is the
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Statistics for Business and Economics (13th Edition)
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