Crystal Inc

question 116

Multiple Choice

Crystal Inc.is a merchandiser of stone ornaments.The company sold 15,000 units in 2015.The company has provided the following information: What is the cost per unit sold?

• A)$20.29
• B)$15.00
• C)$23.88
• D)$12.25

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Definitions:

Expected Number

The anticipated count or amount in a set of occurrences or outcomes based on probability.

Binomial Distributions

A probability distribution that summarizes the likelihood that a variable will take one of two independent values under a given number of observations.

Normal Distributions

Bell-shaped curves that are used in statistics to represent the distribution of a data set where most values cluster around a central region.

Normal Probability Distribution

A bell-shaped distribution that is symmetrical around the mean, representing the distribution of many types of data.