Use the Table to Find the Probability Determine the Probability a Student Prefers Meat Topping Given That

question 23

Multiple Choice

Use the table to find the probability.
-The table shows the number of college students who prefer a given pizza topping. $$\begin{array} { r | r r r r } \text { toppings } & \text { freshman } & \text { sophomore } & \text { junior } & \text { senior } \\\hline \text { cheese } & 11 & 11 & 18 & 19 \\\text { meat } & 19 & 19 & 11 & 11 \\\text { veggie } & 11 & 11 & 19 & 19\end{array}$$ Determine the probability a student prefers meat topping given that student is junior. Round to the Nearest thousandth.

• A) 0.183
• B) 0.229
• C) 0.322
• D) 0.061

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Definitions:

Economies of Scale

The cost advantage achieved when production becomes efficient, as the scale of production increases, leading to a reduction in the average cost to make each unit.

Diseconomies of Scale

A situation where, as a firm becomes larger, its costs per unit increase due to inefficiencies that arise from its growth.

Constant Costs

The costs that remain unchanged as the level of output or production increases or decreases.