If the Probability of an Event Is

question 113

Multiple Choice

If the probability of an event is .20,then the odds ratio in favor of the event occurring is expressed as

• A)1 to 4
• B)1 to 3
• C)1 to 2
• D)1 to 1

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Definitions:

Personnel Expenses

Costs related to the compensation and benefits of a company's employees.

Budgeting

A process of creating a plan to spend your money, allowing you to determine in advance whether you will have enough money to do the things you need or want to do.

Activity Variance

The difference between the expected cost of an activity and its actual cost, often used in budgeting and cost management to analyze performance.

Administrative Expenses

Costs associated with the general operation of a company, which do not directly relate to the production or selling of goods or services.