If Four Items Are Chosen at Random Without Replacement from Seven

question 39

Multiple Choice

If four items are chosen at random without replacement from seven items, in how many ways can the four items be arranged, treating each arrangement as a different event (i.e., if order is important) ?

• A)35
• B)840
• C)5040
• D)24

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Definitions:

Break-even Point

The point at which total revenue equals total costs, resulting in no profit and no loss for the business.

Sales Dollars

This term represents the total amount of revenue a company generates from the sale of its goods or services, expressed in dollars.

Operating Leverage

A measure of how a company's operating income responds to changes in sales volume, highlighting the impact of fixed costs on profitability.

Budgeted Sales

The amount of revenue that a company plans or expects to generate from the sale of goods or services during a specific period.