Geographic Factors

Question

Final project proposal: Cover page & Introduction

Write a brief description of a company of your choice (existing or new) and its product or service. Include the company’s mission statement and the company’s strengths and weaknesses related to global business activities.

Tell us why you choose the specific country or region for the business. 

It could be:

• Natural resources, agricultural products, or geographic factors (climate or terrain)
• Level of economic development and infrastructure
• Cultural characteristics, social activities, or demographic trends
• Changing political situations or legal factors
• Technology that may enhance production or distribution of an item

Question

A company that produces a particular machine component has 3 factories, one each in Buffalo, Detroit, and Pittsburgh. 58% of the components produced come from the Buffalo factory, 23% of the components come from the Detroit factory, and 19% of the components come from the Pittsburgh factory. It is known that 1.0% of the components from the Buffalo factory, 0.9% of the components from the Detroit factory, and 1.2% of the components from the Pittsburgh factory are defective. Given that a component is selected at random and is found to be defective, what is the probability that the component was made in Buffalo?