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Business Analytics · Quiz 1 · 19 Jul 2026 · May 2026 term

Question 15: If the company decides to provide a refund of Rs. 20 for…

Question 15

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(The following comprehension is purely imaginary) Suppose a factory manufactures products on three machines A, B and C. Suppose 65% of total output comes from machine A, 30% of total output comes from machine B and 5% of total output comes from machine C. From the past data, it is known that 1% of products by machine A are defectives, 2% of products by machine B are defectives and 10% of products by machine C are defectives. Then answer the given sub-questions

If the company decides to provide a refund of Rs. 20 for a defective product, then what would be the expected total cost for refund if a total of 1000 products where made? (Note: Enter your answer in decimals rounded to two decimal places. For example, if your answer is “0.245”, enter it as “0.25”)

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Question 15 of 19 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 1 paper sat on 19 Jul 2026, in the May 2026 term (Business Analytics Indian Institute Of Technology, Madras - Bs In Data Science And Applications 16 Jul 26). It carries 1.5 marks.

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