Micron Technology Has Sales Offices Located in Four Cities: Dallas,Seattle,Boston,and

question 4

Multiple Choice

Micron Technology has sales offices located in four cities: Dallas,Seattle,Boston,and Los Angeles.An analysis of the company's accounts receivables reveals the number of overdue invoices by days,as shown here. Assume the invoices are stored and managed from a central database.
What is the probability that a randomly selected invoice from the database is over 90 days old and from the Seattle office?

• A)0.2702
• B)0.0231
• C)0.3461
• D)0.7765

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Definitions:

Pricing Objective

The goals a company wants to achieve through its pricing strategy, such as maximizing profit, increasing market share, or driving competition.

Break-even Chart

A graphical representation that shows at what point a business, product, or project will become profitable, by plotting costs against revenues.

Variable Costs

Costs associated with production that change in proportion to the amount of goods or services produced.

Fixed Costs

Expenses that do not vary with production volume or service levels, such as rent, salaries, and insurance premiums.