Use the Basic Rules and Definitions of Probability $$\begin{array} { | l | l | l | l | l | } \hline 10 & 30 & 10 & 30 & 10 \\\hline 20 & 10 & 50 & 10 & 20 \\\hline\end{array}$$

question 8

Multiple Choice

Use the basic rules and definitions of probability.
-As an incentive to get new customers, the local branch of a bank launched "bouncing
For bucks." During this week long event, any customer opening a new checking account
With the bank would have the opportunity to throw a bouncy rubber ball into a large box
Divided into squares. Each square was labeled with a dollar amount that would be
Deposited into his / her new checking account. The way the box was labeled is shown
Below. What is the probability that a customer gets $50? $$\begin{array} { | l | l | l | l | l | } \hline 10 & 30 & 10 & 30 & 10 \\\hline 20 & 10 & 50 & 10 & 20 \\\hline\end{array}$$

• A) 0.10
• B) 0.01
• C) 0.50
• D) 0.05
• E) 0.20

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Definitions:

Beginning Inventory

The value of goods available for sale or use at the start of an accounting period.

Budgeted Sales

Forecasted sales revenue a company expects to earn in a specific period, based on historical data, market analysis, and economic trends.

Raw Material Purchases

The total cost of raw materials bought by a company for use in production over a specific period.

Cash Out

The act of disbursing or spending cash, typically resulting in a decrease in the cash balance of a business or individual.