Which of the Following Is Not Used to Compute an All-Inclusive

question 16

Multiple Choice

Which of the following is not used to compute an all-inclusive price?

• A) The percentage amount of taxes that they must charge by law
• B) The percentage of gratuity that they are charging the guest
• C) The yield of the recipe
• D) The raw cost of the meal and beverages

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Definitions:

Variances

Measures of the dispersion of a set of data points around their mean value, indicating how spread out the data points are.

E(XY)

The anticipated outcome of multiplying two stochastic variables together, showing how their variances are interconnected.

COV(X,Y)

A measure of the degree to which two variables X and Y move together, indicating the strength and direction of their linear relationship.

Marginal Probability

The probability of an occurrence of a single event without consideration of any other events.