An inspector working for a manufacturing company has a 99% chance of correctly identifying defective items and a 0
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An inspector working for a manufacturing company has a 99% chance of correctly identifying defective items and a 0.5% chance of incorrectly classifying a good item as defective. The company has evidence that its line produces 1.0% of defective items. Round your answers to five decimal places (e.g. 98.76543). (a) What is the probability that an item selected for inspection is classified as defective?