THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 40

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The joint probabilities shown in a table with two rows,A₁ and A₂,and two columns,B₁ and B₂ are as follows: P(A₁ ∩ B₁) = 0.10,P(A₁ ∩ B₂) = 0.30,P(A₂ ∩ B₁) = 0.05,P(A₂ ∩ B₂) = 0.55
-What is P(A₁|B₂) ,rounded to two decimals?

• A)0.33
• B)0.35
• C)0.65
• D)0.67

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Definitions:

Budgeted Cash Disbursements

An estimate of the total amount of cash an organization plans to pay out over a specified period, including operating expenses and purchase of assets.

Direct Labor Budget

A financial plan that estimates the cost of direct labor required to meet production goals.

Direct Labor-Hours

A measure of the total time workers spend directly manufacturing a product or performing a service.

Direct Labor Rate

The average cost per hour for labor directly involved in the production of goods or services.