Solve the Problem. -If It Has Been Determined That the Probability of an Probability

question 176

Multiple Choice

Solve the problem.
-If it has been determined that the probability of an earthquake occurring on a certain day in a Certain area is 0.01, what are the odds against an earthquake?

• A) 100 to 1
• B)98 to 1
• C)99to 1
• D)1 to 100

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Definitions:

Direct Labor-Hours

The total hours worked by employees directly involved in the production process, used as a measure for allocating labor costs to products or services.

Variable Overhead

Costs of indirect manufacturing that change with the level of production output, such as utilities for the manufacturing plant.

Efficiency Variance

The difference between the actual amount of input (time, materials, etc.) used in production and the standard amount expected to be used.

Direct Labor-Hours

The sum of the hours spent by workers directly manufacturing a product.