The Above Table Shows the Probability Distribution of Cake Sales

question 67

Multiple Choice

The above table shows the probability distribution of cake sales at Busy Betty's Bakery.
-Refer to the table above. What is the probability of selling less than 24 cakes?

• A)0.10
• B)0.00
• C)0.80
• D)0.90

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Definitions:

Debt Or Equity Securities

Financial instruments representing a loan made by an investor to a borrower or ownership interests in a company or entity, respectively.

Investment Account

An account held at a financial institution that holds investments such as stocks, bonds, mutual funds, and other assets for investors.

Equity Methods

An accounting technique used to record investments in other entities where the investor has significant influence over the investee but does not have full control.

Cost

The amount of money or resources expended to purchase or produce a good or service.