If Sample Points A, B, C, and D Are the Only

question 113

Multiple Choice

If sample points A, B, C, and D are the only possible outcomes of an experiment, find the probability of D using the table below. $\begin{array} { l | c c c c } \text { Sample Point } & A & B & C & D \\\hline \text { Probability } & 1 / 13 & 1 / 13 & 1 / 13 &\end{array}$

• A) \(\frac { 10 } { 13 }\)
• B) \(\frac { 3 } { 13 }\)
• C) \(\frac { 1 } { 4 }\)
• D) \(\frac { 1 } { 13 }\)

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Definitions:

Inventory

The raw materials, work-in-progress products, and finished goods that a company holds for the purpose of sale in the future.

Cost of Goods Sold

Expenses directly linked to the creation of a company's sold products.

Sales

Sales refer to the transactions where goods or services are exchanged for money, representing the primary source of revenue for most businesses.

Receivables Period

The average time a business spends waiting for its customers to settle their dues.