Estimate the Indicated Probability

question 26

Multiple Choice

Estimate the indicated probability.
-College students were given three choices of pizza toppings and asked to choose one favorite.The following table shows the results. A randomly selected student prefers a cheese topping.

• A).139
• B).048
• C).460
• D).345

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Definitions:

Top Management

The highest level of management in an organization, including positions such as CEO, CFO, and COO, responsible for overall strategy and direction.

Budgeting Benefits

The advantages of budgeting, including improved financial management, planning, and control, as well as enhanced decision-making.

Operating Budgets

Financial plans that outline the projected revenue and expenses for the day-to-day operations of an organization.

Budgeted Income Statement

A financial statement that shows projected revenues, costs, expenses, and net income for a specific period of time.