University Degree Requirements Typically Are Different for Bachelor of Science

question 17

Multiple Choice

University degree requirements typically are different for Bachelor of Science degrees and Bachelor of Arts degrees. Some students get a Bachelor of Arts and Science degree, which require meeting graduation criteria for both degrees. A student advisor needs to know the probability a newly admitted student is interested in such a program, so that the student can be properly advised. A study of previous years finds that the probability a student gets a Bachelor of Science degree is P(Science) = 0.3 and the probability a student gets a Bachelor of Arts degree is P(Arts) = 0.6. The study also shows that the probability a student gets no degree is P(no) = 0.2. Some probability calculations show the probability of getting a Bachelor of Arts and Sciences to be P(Arts & Science) = 0.1. Getting a Bachelor of Arts degree and getting a Bachelor of Science degree are:

• A)disjoint events.
• B)independent events.
• C)adverse events.
• D)dependent events.

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Definitions:

Cost Per Unit

A measure of the cost incurred in the production, creation, or acquisition of a single unit of a product or service.

Activity Level

A measure of the volume or quantity of production or operations in a business, which can significantly impact costs and budgeting.

Variable Costs

Expenses that fluctuate with the level of output or business activity.

Fixed Manufacturing Overhead

The portion of total manufacturing overhead costs that remains constant regardless of the level of production, such as factory rent or salaries of permanent staff.