A Jar Has 20 Red Jelly Beans and 40 Black

question 31

Multiple Choice

A jar has 20 red jelly beans and 40 black jelly beans. If you pick a red jelly bean and put it back, what are the odds of picking a red jelly bean next?

• A)20/40
• B)20/60
• C)40/60
• D)0

---

Definitions:

Selling and Administrative Expense

Overheads related to the selling of products and the management of an organization.

Variable

An element, feature, or factor that is liable to vary or change.

Fixed

Pertains to expenses that remain constant for a given period regardless of the level of production or business activity.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.