ProbabilityPYQ June 24Question 3342 of 149
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A company produces two types of products, A and B. The probability of defective product in type A is $0.05$ and in type B is $0.03$. If the company produces $60\%$ type A and $40\%$ type B, what is the probability of a randomly selected product being defective?

Options

A$0.042$
B$0.03$
C$0.048$
D$0.052$
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Correct Answer

Option a$0.042$

All Options:

  • A$0.042$
  • B$0.03$
  • C$0.048$
  • D$0.052$

About This Chapter: Probability

Paper

Paper 3: Quantitative Aptitude

Weightage

5-7 Marks

Key Topics

Probability Operations, Expected Value

A logic-heavy chapter dealing with random experiments, events (mutually exclusive, exhaustive), set theory probability, conditional probability, and Bayes' Theorem. It forms the basis for Theoretical Distributions.

View Official ICAI Syllabus

Exam Strategy Tip

Always draw a quick Venn Diagram or tree when faced with 'At least one' or 'Only A but not B' wording. It saves you from double-counting.

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