A Cafeteria Manager Placed Slices of Pie into a Display

question 18

Essay

A cafeteria manager placed slices of pie into a display case. There were 20 apple, 24 cherry, 12 chocolate cream, 14 pecan, and 10 peach slices of pie. Determine the percent distribution for the 5 types of pie slices in the case.

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Definitions:

Forward Contract

An agreement that isn't standardized between two parties to purchase or sell an asset at a future date determined today at a price agreed upon today.

Legally Binding

An agreement enforceable by law, with obligations that must be fulfilled by all parties involved.

Agreed-upon Price

The price that has been mutually accepted by the buyer and seller in a transaction.

Risk Profile

An evaluation of an individual's or organization's willingness to take risks, as well as their ability to handle the consequences of those risks.