A Group of Freshmen at a Local University Consider Joining

question 33

Multiple Choice

A group of freshmen at a local university consider joining the equestrian team. Thirty-five percent of students choose Western riding, 45% choose dressage, and 50% choose jumping. Twenty percent choose both dressage and jumping, while 10% choose Western and dressage. No one chooses Western and jumping. There are no horses suitable for two styles, and each student is assigned to one horse. What is the probability that a student chooses neither dressage nor Western riding?

• A)0.3
• B)0.5
• C)0.2
• D)0.05

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Definitions:

Product Costs

Costs that are directly associated with the manufacturing of a product, including materials, labor, and overhead.

Clay Figurines

Small sculpted figures made of clay, often used as decorative items or collectibles.

Fixed Manufacturing Cost

Costs that do not vary with the level of production output, such as rent, property taxes, and salaries of permanent employees.

Relevant Range

The span of activity levels within which the assumptions made about cost behavior and business operations are valid.