Given That the Following Statement Is Incorrect, Rewrite It Correctly

question 33

Essay

Given that the following statement is incorrect, rewrite it correctly: "The probability of being born a boy is 50-50."

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Definitions:

Expected Total Sales

The forecasted amount of sales a business anticipates to achieve in a specific period, calculated based on market research and historical sales data.

Average Price

The mean cost of goods or services calculated over a specific period or set of units, used to determine general price levels.

Standard Cost System

A cost accounting system that uses predetermined costs for materials, labor, and overhead charges to control actual costs and measure variances.

Material Variances

Material variances are differences between the actual costs of materials and the expected (or standard) costs.