A Researcher Is Using a Random Number Table to Pick

question 6

Multiple Choice

A researcher is using a random number table to pick between two groups labelled X and Y.X is to be chosen with a probability of 36/56 and Y with a probability of 20/56.The researcher assigns the digits
From 1 through 36 to X and the digits 37 to 56 to Y.The researcher uses this section of a random number
Table: What are the first and second choices?

• A)The first choice is X and the second choice is undefined
• B)The first choice is X and the second choice is Y
• C)The first choice is Y and the second choice is X
• D)The first choice is Y and the second choice is undefined

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Definitions:

Break-even Analysis

A financial calculation to determine the point at which revenue received equals the costs associated with receiving the revenue, marking the point of no profit and no loss.

Cost Control Measures

Strategies and actions implemented by a business to monitor, manage, and minimize expenses to increase profitability.

Improve Control

Enhancing the mechanisms or strategies used to guide or manage operations, activities, or systems towards achieving desired objectives.

Technological Advancements

The introduction of new technologies or the improvement of existing technologies to enhance capabilities and efficiency.