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Solve the problem.
-There are 3 balls in a hat; one with the number 1 on it, one with the number 2 on it, and one with The number 5 on it. You pick a ball from the hat at random and then you roll a die. Using a tree Diagram , obtain the sample space for the experiment. Then, find the probability that the number On the ball is the same as the number on the die.
Variable Cost
An expense that fluctuates with the level of output or sales volume, such as the cost of raw materials used in a product's manufacture.
Fixed Cost
Costs that do not vary with the volume of production or sales, remaining constant over a specified range of activity and period of time, such as rent or salaries.
Units Sold
The total number of a product that a company sells within a particular period, indicating the volume of business activity.
Profit-volume Chart
A graphical representation that shows the relationship between a company's profits and its volume of sales.
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