Consider the 3 × 2 Contingency Table Below A)12
B)14
C)16
D)18
E)20

question 21

Multiple Choice

Consider the 3 × 2 contingency table below.What is the expected value for A₃B₂? $$\begin{array} { c c c } &{ \text { Factor B } } \\\text { Factor A } & \mathrm { B } _ { 1 } & \mathrm {~B} _ { 2 } \\\mathrm {~A} _ { 1 } & 16 & 14 \\\mathrm {~A} _ { 2 } & 15 & 25 \\\mathrm {~A} _ { 3 } & 9 & 21\end{array}$$

• A)12
• B)14
• C)16
• D)18
• E)20

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Definitions:

Contribution Margin Ratio

A financial ratio that measures the profitability of a product by subtracting variable costs from sales and dividing the result by total sales.

Operating Income

The profit realized from a business's operations after subtracting operating expenses from gross profit.

Fixed Costs

Expenses that do not change in proportion to the level of goods or services produced within a certain range.

Break-even Sales

The amount of revenue needed to cover total costs, both fixed and variable, with no profit or loss.