Provide an Appropriate Response

question 4

Multiple Choice

Provide an appropriate response.
-The number of loaves of whole wheat bread left on the shelf of a local quick stop at closing (denoted by the random variable X) varies from day to day.Past records show that the probability distribution of X is as shown in the following table.Find the probability that there will be at least three loaves left over at the end of any given day.

• A)0.15
• B)0.65
• C)0.20
• D)0.35

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Definitions:

Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life.

Standard Cost Variances

The differences between the expected (standard) costs of a product and the actual costs incurred.

Cost of Goods Sold

The overall expenses involved in creating or purchasing goods sold in a given timeframe, consisting of the cost of materials, workforce, and indirect costs.

Standard Cost

A set cost for producing either one unit or multiple units of a product within a defined timeframe, based on existing or expected operational circumstances.