A Researcher Records the Following Data for the Number of Bids

question 38

Multiple Choice

A researcher records the following data for the number of bids made on a sample of items sold at an auction.Based on the table,what was the probability that an item had 7 bids made on it?

• A)5
• B)10
• C).10
• D).25

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Definitions:

Departmental Sales

Revenue generated from the sales activities of specific departments within a retail or corporate setting, tracked to evaluate the performance of each department.

Retail Store

A business establishment that sells goods or services directly to consumers, primarily for personal or household consumption.

Depreciation

The systematic allocation of the cost of a tangible asset over its estimated useful life, recognizing the decrease in value over time.

Allocation Bases

Criteria or metrics used to distribute overhead costs to different departments or products in a company, ensuring accurate cost accounting.