Answer the Following Questions Using the Information Below

question 199

Multiple Choice

Answer the following questions using the information below:
Tally Corp. sells softwares during the recruiting seasons. During the current year, 11,000 softwares were sold resulting in $440,000 of sales revenue, $110,000 of variable costs, and $48,000 of fixed costs.
-If sales increase by $60,000,operating income will increase by ________.

• A) $10,000
• B) $40,000
• C) $45,000
• D) $60,000

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Definitions:

Mutually Exclusive

A condition in probability and statistics where two events cannot both occur at the same time.

Bayes' Rule

A theorem used in probability to update the probability of a hypothesis as more information becomes available.

Posterior Probability

The probability of a hypothesis being true after taking into account new evidence or information.

Well-Shuffled Cards

A state in which the order of cards in a deck is randomized, ensuring that no predictable patterns interfere with the randomness of card games.