Set Up an Equation That Can Be Used to Solve

question 58

Multiple Choice

Set up an equation that can be used to solve the problem. Solve the equation and answer the question asked.
-To make each Martini at the Faculty Holiday Party, Prof. Smith mixes 3 ounces of vodka and 1 ounce of dry Vermouth. If the vodka is 28% alcohol by volume and the Vermouth is 11% alcohol by volume, what is the
Percentage of alcohol in each Martini?

• A) 19.5%
• B) 23.8%
• C) 39%
• D) 9.8%

Understand the utility of comparing relative frequencies, pie charts, and bar charts in analyzing nominal data.

Differentiate between data that contains information on one versus two variables.

Assess the impact of specific behaviors (e.g., staying up all night) on performance outcomes using percentages.

Understand the components that contribute to the cost of goods sold (COGS) in a business.

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Definitions:

New Small Business

A recently established company that operates on a smaller scale compared to larger corporations.

Customer Base

The group of customers who repeatedly purchase the goods or services of a business, serving as the main source of revenue for the company.

Intellectual Capital

The intangible assets of a business, including human knowledge, relationships, and organizational processes, that contribute to its competitive edge.

Business Assets

Business assets are resources owned by a company that are expected to provide future economic benefits, including tangible assets like property and equipment, as well as intangible assets such as patents and trademarks.