Use the Following Information for Questions

question 24

Multiple Choice

Use the following information for questions
One thousand students at a city high school were classified both according to GPA and
whether or not they consistently skipped classes.Here are the breakdowns:
-What is the probability that a randomly selected student has a GPA under 2.0 given that he or she has consistently skipped classes?

• A)0.080
• B)0.281
• C)0.285
• D)0.314
• E)0.727

---

Definitions:

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the scale of the operant increases, typically leading to a lower cost per unit.

Short-Run Losses

Financial deficits experienced by a business or project within a brief period, often due to initial start-up costs or market fluctuations.

Average Variable Costs

Costs that vary with output level, calculated by dividing total variable costs by the quantity of output produced.

Operate

To function or work in a particular manner, often referring to businesses and machinery performing their intended duties.