Solve the Problem $\frac { 1 } { 2 }$ B) 0
C) $\frac { 1 } { 6 }$

question 38

Multiple Choice

Solve the problem.
-If a single fair die is rolled, find the probability of a 4 given that the number rolled is odd.

• A) \(\frac { 1 } { 2 }\)
• B) 0
• C) \(\frac { 1 } { 6 }\)
• D) 1

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Definitions:

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in no net profit or loss.

Contribution Margin Ratio

The ratio of contribution margin to sales revenue, indicating the percentage of each sales dollar available to cover fixed costs and provide profit.

Fixed Expenses

Costs that do not fluctuate with changes in production level or sales volume, such as rent, salaries, and insurance.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.