The Following Table Shows the Results of a Survey of 360

question 98

Multiple Choice

The following table shows the results of a survey of 360 authors by a (fictitious) publishing company: $$\begin{array} { | l | l | l | l | } \hline & \begin{array} { l } \text { New } \\\text { Authors }\end{array} & \begin{array} { l } \text { Established } \\\text { Authors }\end{array} & \text { Total } \\\hline \text { Successful } & 90 & 10 & 100 \\\hline \text { Unsuccessful } & 110 & 150 & 260 \\\hline \text { Total } & 200 & 160 & 360 \\\hline\end{array}$$ An author is chosen at random.
Compute the estimated probability of the event that the author is successful.

• A) \(\frac { 13 } { 18 }\)
• B) \(\frac { 10 } { 18 }\)
• C) \(\frac { 15 } { 18 }\)
• D) \(\frac { 5 } { 18 }\)
• E) \(\frac { 5 } { 28 }\)

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Definitions:

Machine-hours

A measure of the amount of time a machine is operated, used in calculating manufacturing costs and allocating expenses based on machine usage.

Overapplied Overhead

A situation where the allocated or applied manufacturing overhead cost is more than the actual manufacturing overhead cost incurred.

Underapplied Manufacturing Overhead

A situation where the actual manufacturing overhead costs exceed the overhead allocated to products.

Overapplied Manufacturing Overhead

A situation where the allocated manufacturing overhead costs exceed the actual overhead costs incurred by a company.