Consider a Collection of 240 Snakes Where 40 of Them

question 14

Multiple Choice

Consider a collection of 240 snakes where 40 of them are cobras, 60 are rattlesnakes, 60 are boas, and 80 are anacondas. Cobras and rattle snakes are venomous, whereas boas and anacondas are not. If a snake is randomly chosen from this population, what is the probability it will be a cobra or a boa?

• A) 0.167
• B) 0.333
• C) 0.417
• D) 0.583

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Definitions:

Activity-based Costing

An accounting method that assigns costs to products or services based on the resources they consume.

Activity-based Costing

A method of accounting where costs are assigned to products or services based on the activities needed for their production.

Activity-based Costing

A costing methodology that assigns overhead and indirect costs to related products and services based on the actual consumption of each activity.

Manufacturing Overhead

All indirect costs associated with the production process, including costs of materials, utilities, and maintenance that are not directly associated with the manufacturing of a specific product.