The Distribution of B What Is the Probability That a Randomly Selected Degree Is

question 508

Multiple Choice

The distribution of B.A. degrees conferred by a local college is listed below, by major. $$\begin{array} { l r } \text { Major } & \text { Frequency } \\\hline \text { English } & 2073 \\\text { Mathematics } & 2164 \\\text { Chemistry } & 318 \\\text { Physics } & 856 \\\text { Liberal Arts } & 1358 \\\text { Business } & 1676 \\\text { Engineering } & 868 \\\hline & 9313\end{array}$$ What is the probability that a randomly selected degree is not in Mathematics?

• A) 0.232
• B) 0.682
• C) 0.768
• D) 0.303

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Marginal Cost

The price of fabricating another unit of a good or service.

Total Cost

The sum of all costs incurred in the production of goods or services, including fixed and variable costs.

Fixed Cost

A cost that does not change with the level of output or sales, such as rent, salaries, and insurance.

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The amount of money that an individual or business must pay for an insurance policy.