Suppose That to Get a Job Offer,you Need to Take

question 18

Multiple Choice

Suppose that to get a job offer,you need to take 2 exams.The results of your exam are independent and you have 70% to pass each of them.If you fail both exams,you will have no chance to get the job.If you pass one of them,you will have 30% chance to get the job.If you pass both exams,you will have an 80% chance to get the job.What is the probability that you get the job?

• A)0.392
• B)0.455
• C)0.518
• D)0.812

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Definitions:

Indirect Materials

Materials used in the production process that are not directly part of the final product, such as lubricants for machines.

Unfavourable Variance

A financial term referring to a situation where actual costs are higher than planned or budgeted costs, or actual revenue is lower than forecasted revenue.

Standard Costing

A cost accounting technique that uses predetermined costs for assessing the performance of processes and employees by comparing these standard costs against the actual costs incurred.

Seasonal Pattern

The fluctuation in data or activities that occur regularly each year in a predictable manner.