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In the two upcoming basketball games, the probability that UTC will defeat Marshall is 0.63, and the probability that UTC will defeat Furman is 0.55. The probability that UTC will defeat both opponents is 0.3465.
a.What is the probability that UTC will defeat Furman given that they defeat Marshall?
b.What is the probability that UTC will win at least one of the games?
c.What is the probability of UTC winning both games?
d.Are the outcomes of the games independent? Explain and substantiate your answer.
Standard Fixed Manufacturing Overhead Rate
A predetermined rate used in costing to allocate the estimated fixed manufacturing overhead costs to individual units of production based on a consistent activity base, such as machine hours or labor hours.
Budgeted Activity
The planned level of output or operation used in the budgeting process, often serving as the basis for allocating fixed costs.
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