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Find the Probability One Car Is Selected at Random from the Cars with Number

question 279

Multiple Choice

Find the probability.
-The chart below gives the cost and number of vehicle tags sold in each city.  City  Cost of Vehicle Tag  Number of Vehicle Tags Sold  Bristol $81899 Trevor $103321 Camp Lake $72697 Salem $151523 Paddock Lake $122,541\begin{array} { l | c | c } \text { City } & \text { Cost of Vehicle Tag } & \text { Number of Vehicle Tags Sold } \\\hline \text { Bristol } & \$ 8 & 1899 \\\text { Trevor } & \$ 10 & 3321 \\\text { Camp Lake } & \$ 7 & 2697 \\\text { Salem } & \$ 15 & 1523 \\\text { Paddock Lake } & \$ 12 & 2,541\end{array} One car is selected at random from the cars with vehicle tags from these cities. What is the Probability that this car has a vehicle tag that cost less than $10? Round to the nearest Ten-thousandth when necessary.

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Definitions:

Fixed Expenses

Costs that do not change with the level of production or sales, such as rent and salaries.

Absorption Costing

A technique in accounting where all expenses from manufacturing, covering direct materials, direct labor, and overhead expenses variable and fixed, are included in the cost of a product.

Direct Materials

Raw materials that can be directly traced to the production of finished goods.

Fixed Costs

Expenses that do not change in total despite fluctuations in production levels or sales volume.

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