Final Answer:
The probability that a randomly selected pen from the manufacturer is defective is 13%.
Step-by-step explanation:
The given information states that approximately 13% of all pens manufactured by the balipoint pen manufacturer are defective. This percentage represents the probability of selecting a defective pen at random. Probability is a measure of the likelihood of an event occurring, ranging from 0 (impossible) to 1 (certain). In this case, the probability of selecting a defective pen is 0.13, or 13%.
To further understand, imagine randomly picking a pen from the entire production line. Out of every 100 pens produced, statistically, around 13 pens would be defective. This information is crucial for quality control and customer expectations. It allows the manufacturer to assess the reliability of their production process and helps customers make informed decisions about the likelihood of receiving a defective pen.
In a broader context, this probability figure aids in various business aspects, from setting quality standards to managing customer satisfaction. The 13% defect rate serves as a key metric for both the manufacturer and consumers, influencing their perceptions of the product's overall quality and reliability.