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Expected values

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Expected values

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.
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  • October 19, 2022 at 6:35 pm #669384
    aakarsh715
    Participant
    • Topics: 27
    • Replies: 7
    • ☆

    Mock question
    31. A battery manufacturer, who produces 500,000 units per month, inspects 10% of all units produced. Of those inspected it was found that 1% are faulty. Of the batteries which are not inspected there is 5% chance that a unit may be faulty. What is the probability to one decimal place that a faulty battery was actually inspected?

    I have got no brains to answer this! How this is even a expected value question? ACCA is trying to mess with my head.

    October 20, 2022 at 7:19 am #669402
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54759
    • ☆☆☆☆☆

    They will inspect 50,000 units and of these 500 will be faulty.

    They will not inspect 450,000 units and of these 22,500 will be faulty.

    Therefore out of 500,000 units a total of 23,000 will be faulty.

    Therefore the probability is 23,000/500,000 = 4.6%

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