This Table Shows the Distribution of Grades in an Operations

question 15

Multiple Choice

This table shows the distribution of grades in an operations management class.
Add a column to the table that shows the cumulative probability and indicate what letter grade is obtained when the RAND() function is equal to 0.7406.

• A) A
• B) B
• C) C
• D) D

---

Definitions:

Break-even Point

is the level of sales at which total revenue equals total costs, resulting in neither profit nor loss for the business.

Variable Expenses

Expenses that change in proportion with the level of business activity or output.

Selling Price

The amount of money charged for a product or service, which may include costs of production, distribution, and a markup for profit.

Contribution Margin

Contribution margin represents the amount by which sales revenue exceeds variable costs, indicating how much revenue is contributing to covering fixed costs and generating profit.