If the Sophomore Class Is 50% Women,the Junior Class Is

question 44

Multiple Choice

If the sophomore class is 50% women,the junior class is 45% women,and the senior class is 55% women,the probability of drawing a woman who is a junior is

• A)45%
• B)50%
• C)55%
• D)95%

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Definitions:

Weighted-Average Method

An inventory costing method that calculates the cost of goods based on the average cost of all similar items in inventory.

Processing Department

A specific department within a manufacturing facility where a particular stage of the production process is carried out.

Equivalent Unit

A measure used in cost accounting to express the amount of work done on partially finished goods as a proportion of finished goods.

Process Costing System

An accounting method used to allocate costs to units of product in continuous or long-run production processes.