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Solve the problem.
-If a single fair die is rolled, find the probability of a 4 given that the number rolled is odd.
Operating Leverage
An indicator of how increases in revenue lead to expansions in operating income, showing the level of fixed expenses within a company's cost framework.
Fixed Costs
Costs that do not change with the level of goods or services produced by a business.
Variable Costs
Expenses that change in proportion to the activity of a business, such as the cost of raw materials or production costs.
Variable Costs
Costs that vary directly with the level of production or output.
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