(Table: Costs for Birthday Cakes) Annie Has a Bakery That

question 59

Multiple Choice

(Table: Costs for Birthday Cakes) Annie has a bakery that specializes in birthday cakes, and her variable costs of producing cakes are shown in the table Costs of Birthday Cakes.Assume that her fixed costs are $10.What is the average variable cost of 5 cakes?

• A)$300
• B)$250
• C)$50
• D)$10

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Definitions:

Exponential Distribution

A probability distribution used to model the time between events in a process where events occur continuously and independently at a constant average rate.

Probability

The likelihood or chance of an event occurring, often expressed as a number between 0 and 1.

Vehicles

Modes of transportation that are used to move people or goods from one location to another.

Exponential Distribution

A probability distribution used to model the time between events in a process that occurs continuously and independently at a constant average rate.