Compute Probabilities Using the General Multiplication Rule
-Numbered Disks Are $\frac { 1 } { 3 }$

question 241

Multiple Choice

Compute Probabilities Using the General Multiplication Rule
-Numbered disks are placed in a box and one disk is selected at random. If there are 3 red disks numbered 1 through 3 , and 2 yellow disks numbered 4 through 5 , find the probability of selecting a disk numbered 3 , given that a red disk is selected.

• A) \(\frac { 1 } { 3 }\)
• B) \(\frac { 3 } { 5 }\)
• C) \(\frac { 1 } { 5 }\)
• D) \(\frac { 2 } { 5 }\)

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Definitions:

Total Expense

The sum of all costs and expenses incurred by a business during a specific period.

Expected Costs

Anticipated costs based on future events, often derived from historical data and forecasting.

Activity Levels

The volume of production or the level of sales activity within a company, which can affect various costs and pricing strategies.

High-low Method

An accounting technique used to estimate variable and fixed costs by analyzing the lowest and highest levels of activity and their associated costs.