A shop selling electronic items sells smartphones of only three reputed companies A, B, and C because chances of their manufacturing a defective smartphone are only 5%, 4%, and 2% respectively. In his inventory, he has 25% smartphones from company A, 35% smartphones from company B, and 40% smartphones from company C.
A person buys a smartphone from this shop
A shop selling electronic items sells smartphones of only three reputed companies A, B, and C because chances of their manufacturing a defective smartphone are only 5%, 4%, and 2% respectively. In his inventory, he has 25% smartphones from company A, 35% smartphones from company B, and 40% smartphones from company C.
A person buys a smartphone from this shop
(i) Find the probability that it was defective.
Read the following text carefully:
Union Food and Consumer Affairs Minister said that the Central Government has taken many proactive steps in the past few years to control retail prices of food items. He said that the government aims to keep inflation under control without compromising the country’s economic growth. Retail inflation inched up to a three-month high of 5.55% in November 2023 driven by higher food prices. Inflation has been declining since August 2023, when it touched 6.83%. 140 new price monitoring centres had been set up by the Central Government to keep a close watch on wholesale and retail prices of essential commodities. The Government has banned the export of many food items like wheat, broken rice, non-basmati white rice, onions etc. It has also reduced import duties on edible oils and pulses to boost domestic supply and control price rise. On the basis of the given text and common understanding,
answer the following questions:
In accordance with the multiplication rule of probability, the probability of happening of both the events A and B is equal to the product of the probability of B occurring and the conditional probability that event A happens given that event B occurs.
Let's assume, If A and B are dependent events, then the probability of both events occurring at the same time is given by:
\(P(A\cap B) = P(B).P(A|B)\)
Let's assume, If A and B are two independent events in an experiment, then the probability of both events occurring at the same time is given by:
\(P(A \cap B) = P(A).P(B)\)
Read More: Multiplication Theorem on Probability