If a and B Are Any Two Events with P(A)=

question 83

Multiple Choice

If A and B are any two events with P(A) = .8 and P(B|A) = .4,then P(A and B) is:

• A).40
• B).32
• C)1.20
• D)None of these choices.

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Definitions:

Machine Breakdowns

Instances when machinery or equipment fails to operate, causing interruptions in production or operations.

Cost Variance

The differences between actual and standard costs.

Standard Cost

A detailed estimate of what a product should cost.

Actual Cost

The actual amount spent on goods, services, or other expenses, as opposed to budgeted or standard costs, including all direct and indirect costs.