SCENARIO 4-4 Suppose That Patrons of a Restaurant Were Asked Whether They

question 13

Short Answer

SCENARIO 4-4
Suppose that patrons of a restaurant were asked whether they preferred water or whether they preferred soda.70% said that they preferred water.60% of the patrons were male.80% of the males preferred water.
-Referring to Scenario 4-4,suppose a randomly selected patron prefers soda.Then the probability the patron is a male is _____.

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels.

Actual Level

The real, observed level of activity, production, or performance in a given period.

Actual Results

The real, measured outcomes of business activities, often compared against budgeted or forecasted figures.

Flexible Budget

An adjustable budget that changes or scales according to the level of activity or output, making it more useful for performance evaluation.