Choose the One Alternative That Best Completes the Statement or Answers

question 87

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-In a survey about the number of siblings of college students, the following probability table was constructed: $$\begin{array} { c | c } \text { Number of Siblings } & \text { Probability } \\\hline 0 & 0.27 \\\hline 1 & 0.33 \\\hline 2 & 0.17 \\\hline 3 & 0.10 \\\hline 4 \text { or more } & 0.13\end{array}$$ What is the probability that a student has at least 2 siblings?

• A) 0.6
• B) 0.23
• C) 0.4
• D) 0.77

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Definitions:

Overhead Cost

Indirect expenses related to the operation of a business, such as rent, utilities, and administrative salaries, that are not directly tied to the production of goods or services.

Total Revenue

The complete amount of income generated by a business from its sales or services before any costs or expenses are subtracted.

Marginal Costs

The cost added by producing one additional unit of a product or service.

Disposable Income

The amount of money individuals or households have to spend or save after taxes have been deducted.