Four students of class XII are given a problem to solve independently. Their respective chances of solving the problem are: \[ \frac{1}{2},\quad \frac{1}{3},\quad \frac{2}{3},\quad \frac{1}{5} \] Find the probability that at most one of them will solve the problem.
Two persons are competing for a position on the Managing Committee of an organisation. The probabilities that the first and the second person will be appointed are 0.5 and 0.6, respectively. Also, if the first person gets appointed, then the probability of introducing a waste treatment plant is 0.7, and the corresponding probability is 0.4 if the second person gets appointed.
Based on the above information, answer the following
The table shows the data of running a machine for five years. The original machine cost is Rupees 70,000. In order to minimize the average total cost per year for running the machine, the machine should be replaced after ............. years. (Answer in integer)
A company purchases items in bulk for getting quantity discounts in the item’s price. The price break-up is given in the table. The annual demand for the item is 5000 units. The ordering cost is Rupees 400 per order. The annual inventory carrying cost is 30 percent of the purchase price per unit. The optimal order size (in units) is .......... (Answer in integer)