Choose the One Alternative That Best Completes the Statement or Answers

question 105

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: $$\begin{array} { c | c } \text { Number of Siblings } & \text { Probability } \\\hline 0 & 0.27 \\\hline 1 & 0.31 \\\hline 2 & 0.20 \\\hline 3 & 0.13 \\\hline 4 \text { or more } & 0.09\end{array}$$ What is the probability that a student has at most 2 siblings?

• A) 0.58
• B) 0.42
• C) 0.78
• D) 0.22

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Definitions:

Contribution Margin

The difference between sales revenue and variable costs, indicating how much contributes towards covering fixed costs and generating profit.

Income from Operations

The earnings generated from a company's core business operations before subtracting interest and taxes.

Profit-Volume Chart

A graphical representation that shows the relationship between a company's profits and its level of output or sales volume.

Total Sales

The sum of all revenues earned from selling goods or services within a specific period.