Of the Last 100 Customers Entering a Computer Shop, 25

question 97

Multiple Choice

Of the last 100 customers entering a computer shop, 25 have purchased a computer. If the classical method for computing probability is used, the probability that the next customer will purchase a computer is

• A)0.25
• B)0.50
• C)1.00
• D)0.75

---

Definitions:

Manufacturing Overhead

All manufacturing costs that are not directly attributable to the finished product, including indirect labor, materials, and other expenses.

Estimated Total

An approximation of the sum or magnitude of a particular set of values or items, projected from sample data or generated through analysis.

Unit Product Cost

The total cost (both variable and fixed) associated with producing one unit of a product.

Total Job Cost

The sum of all costs assigned to a specific job, including materials, labor, and overhead.