TABLE 2-6 A Sample of 200 Students at a Big-Ten University Was

question 182

Multiple Choice

TABLE 2-6
A sample of 200 students at a Big-Ten university was taken after the midterm to ask them whether they went bar hopping the weekend before the midterm or spent the weekend studying, and whether they did well or poorly on the midterm. The following table contains the result.

-Referring to Table 2-6, of those who went bar hopping the weekend before the midterm in the sample, ________ percent of them did well on the midterm.

• A) 15
• B) 27.27
• C) 30
• D) 55

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Definitions:

Variable Costs

are expenses that change in proportion to the activity of a business, such as sales volumes, including costs of goods sold and direct labor costs.

Selling Price

The actual price at which a product or service is sold to customers.

Labor Cost

The total amount of financial compensation, benefits, and taxes companies must pay for their employees' work.

Raising Prices

The act of increasing the cost at which goods or services are sold to consumers or other businesses.