The Two-Way Table Summarizes Data from the Human Resource Department

question 32

Multiple Choice

The two-way table summarizes data from the human resource department at a university: New Hires $$\begin{array} { l | c c | c } & \text { Tenure } & \text { Adjunct } & \text { Total } \\\hline \text { Men } & 20 & 23 & 43 \\\text { Women } & 16 & 24 & 40 \\\hline \text { Total } & 36 & 47 & 83\end{array}$$ What is the probability (rounded to three decimal places) that a tenure-track new hire is female?

• A)0.434
• B)0.400
• C)0.444
• D)0
• E)0.193

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Definitions:

Quantity Variance

The difference between the expected and actual quantity of materials used in production, reflecting efficiency in material usage.

Direct Materials

The raw materials directly used in the manufacturing of a product.

Budgeted Operating Income

The anticipated revenue from operations minus the expected operating expenses for a certain period, typically before financial expenses and taxes.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, often used in variance analysis.