The Two-Way Table Summarizes Data from the Human Resource Department

question 42

Multiple Choice

The two-way table summarizes data from the human resource department at a university:
New Hires
What is the probability (rounded to three decimal places) that a new hire is female?

• A)0.487
• B)0.434
• C)0.513
• D)0.250

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Definitions:

Static Budget

A fixed budget that does not change or adjust over the budget period, irrespective of changes in actual activity levels.

Manufacturing Costs

All expenses directly involved in the production of a product, including raw materials, labor, and factory overhead.

Administrative Expenses

Overhead or operational expenses not directly tied to the production of goods or services, such as salaries of office staff and utilities.

Land Held

Property owned by an individual or company, not currently used for income-generating purposes but held as an investment or for future utilization.