Compute Probabilities Using the General Multiplication Rule
-Numbered Disks Are $\frac { 3 } { 7 }$

question 244

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 6 red disks numbered 1 through 6, and 8 yellow disks numbered 7 through 14 , find the probability of selecting a red disk, given that an odd-numbered disk is selected.

• A) \(\frac { 3 } { 7 }\)
• B) \(\frac { 4 } { 7 }\)
• C) \(\frac { 3 } { 14 }\)
• D) \(\frac { 2 } { 7 }\)

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Definitions:

Manufacturing Overhead Cost

Indirect costs related to manufacturing that cannot be directly tied to a specific product, including costs of managing the factory and maintenance.

Conversion Cost

Direct labor cost plus manufacturing overhead cost.

Cost Reconciliation Report

A financial report used to compare and reconcile the estimated costs to the actual costs incurred for a specific project or during a particular period.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all units available for sale.