Burger Queen Co -If a Menu Item Is Selected at Random,what Is the Along

question 58

Short Answer

Burger Queen Co.
The Burger Queen Company has 124 locations along the west coast.The general manager is concerned with the profitability of the locations compared with major menu items sold.The information below shows the number of each menu item selected by profitability of store. $$\begin{array} { | c | c c c c c | c | } \hline \text { Profit } & \begin{array} { c } \text { Baby Burger } \\\text { MI }\end{array} & \begin{array} { c } \text { Mother Burger } \\\boldsymbol { M 2 }\end{array} & \begin{array} { c } \text { Father } \\\text { Burger } \boldsymbol { M 3 }\end{array} & \begin{array} { c } \text { Nachos } \\\text { M4 }\end{array} & \begin{array} { c } \text { Tacos } \\\boldsymbol { M S }\end{array} & \text { Total } \\\hline \text { High Profit } R I & 250 & 424 & 669 & 342 & 284 & 1969 \\\text { Medium Profit } R 2 & 312 & 369 & 428 & 271 & 200 & 1580 \\\text { Low Profit } R 3 & 289 & 242 & 216 & 221 & 238 & 1206 \\\hline \text { Total: } & 851 & 1035 & 1313 & 834 & 722 & 4755 \\\hline\end{array}$$
-If a menu item is selected at random,what is the probability that the store is a high profit store?

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Definitions:

Coupon Rate

The yearly rate of interest that the issuer of a bond pays to bondholders, typically shown as a percent of the bond's nominal value.

Tax Rate

The part of an individual's or corporation's earnings that is subject to taxation.

Debt-Equity Ratio

The ratio indicating a corporation's reliance on debt financing, found by dividing its total debts by the equity held by its shareholders.

After-Tax Cost of Debt

The net cost of debt after accounting for the effects of taxes, reflecting the actual cost to a company.