Use the Following to Answer Questions

question 19

Short Answer

Use the following to answer questions :
A consume researcher inspects 300 batteries manufactured by two companies for being good or defective.The following table gives the two-way classification of these 300 batteries.

-If the researcher selects one battery at random from these 300 batteries,the probability (rounded to three decimal places)that this battery is defective or made by company A is

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Definitions:

Variable Costing

An accounting technique that incorporates just the variable costs of production (such as direct materials, direct labor, and variable manufacturing overhead) into the costs of products.

Fixed Overhead

Regular, static expenses that do not change with the level of production or sales, including rent, salaries, and insurance.

Net Income

The profit of a company after all expenses and taxes have been deducted from revenue.

Inventory

The goods and materials that a business holds for the ultimate goal of resale or processing.