Suppose That $B _ { 1 }$ And $B _ { 2 }$

question 173

Multiple Choice

Suppose that $B _ { 1 }$ and $B _ { 2 }$ are mutually exclusive and complementary events, such that $P \left( B _ { 1 } \right) = .6$ and $P \left( B _ { 2 } \right) = .4$ . Consider another event $A$ such that $P \left( A \mid B _ { 1 } \right) = .2$ and $P \left( A \mid B _ { 2 } \right) = .5$ . Find $P \left( B _ { 1 } \mid A \right)$ .

• A) .240
• B) .375
• C) .625
• D) .800

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Definitions:

Monthly Expenses

Recurring costs or outlays that occur every month, such as rent, utilities, payroll, and other operational charges.

Master Budget

A comprehensive financial plan that includes both operational and financial budgets, representing a company’s overall plan of action for a future period.

Budgeted Sales

The projected amount of sales revenue a company expects to receive within a specific period, as part of its financial planning process.

Credit Sales

Credit sales are transactions where the customer purchases goods or services on account, agreeing to pay the supplier at a later date.