Out of 920 Items Checked Out of a Public Library

question 54

Multiple Choice

Out of 920 items checked out of a public library, 397 were fiction books, 285 were non-fiction books, and 238 were videos (of any genre) . What is the probability that a randomly-selected item
Was not a video?

• A) 0.349
• B) 0.432
• C) 0.741
• D) 0.259

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Definitions:

Breakeven Point

The point at which total costs and total revenue are equal, meaning there is no profit or loss.

Planning Gap

The difference between future desired performance levels and the projected level of performance if current operations continue without changes.

Sales Differential

The difference in sales volume or revenue achieved in different markets, periods, or between actual and projected sales.

Profitability Analysis

The process of evaluating the ability of a company to generate profits from its operations, typically involving an assessment of revenues, costs, and profit margins.