The Table Below Provides Summary Information About Students in a Class.The

question 8

Multiple Choice

The table below provides summary information about students in a class.The gender of each individual and the major is given. A student is randomly selected from this group,and it is found that the student is majoring in finance.What is the probability that the student is a male?

• A)0.21
• B)0.10
• C)0.56
• D)0.48
• E)0.78

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Definitions:

Direct Materials

Raw materials used in the production of goods that are directly associated with the finished product.

Incremental Analysis

The process of identifying the financial data that changes under alternative courses of action.

Fixed Overhead

Regular, ongoing costs that are not affected by the level of production or sales, such as rent, salaries, and insurance.

Direct Materials

Raw materials directly used in the manufacturing of a product, which are easily traceable to the finished product.