Using the Following Uniform Density Curve, Answer the Question

question 164

Multiple Choice

Using the following uniform density curve, answer the question.
-What is the probability that the random variable has a value greater than 3?

• A)0.575
• B)0.500
• C)0.625
• D)0.750

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Definitions:

Variable Component

A part of a cost or expense that varies directly with the level of output or activity.

Fixed Component

A cost that remains unchanged in total regardless of changes in the level of activity or output over a certain period.

Overapplied

This refers to the condition in which the allocated costs in an accounting system exceed the actual costs incurred, often in the context of overhead or indirect costs in manufacturing.

Variable Component

Part of a cost or expense that changes in proportion with the level of activity or volume of output.