Find the Probability That an Event Will Not Occur
-A $\frac { 13 } { 16 }$

question 146

Multiple Choice

Find the Probability that an Event Will Not Occur
-A bag contains 3 blue marbles, 8 green marbles, and 5 red marbles. One marble is drawn from the bag. What is the probability that the marble drawn is not blue?

• A) \(\frac { 13 } { 16 }\)
• B) \(\frac { 3 } { 13 }\)
• C) \(\frac { 3 } { 16 }\)
• D) \(\frac { 13 } { 3 }\)

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Definitions:

First-In, First-Out

An inventory valuation method where the oldest stock is sold or used first.

Weighted-Average Methods

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all units available during the period.

First-In, First-Out

An inventory valuation method where the oldest items are sold or used first.

Equivalent Units

A concept in cost accounting used to assess work-in-process inventory by converting partial units into a number of equivalent full units.