Use the Following to Answer the Question(s) Below

question 63

Multiple Choice

Use the following to answer the question(s) below.
An advocacy group is investigating whether gender has an effect on job category in large investment firms. They surveyed a sample of firms with the following results:

-What is the probability that a randomly selected employee's job category is executive/managerial, given that the employee is female?

• A) 0.13
• B) 0.20
• C) 0.80
• D) 0.05
• E) 0.45

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Definitions:

Target Costing

A pricing method that involves determining a product's selling price and then subtracting desired profit to arrive at a target production cost.

Target Costing

A pricing strategy where the selling price of a product is determined first, and then the manufacturing cost is managed to meet that target price.

Price Control

Government or company policies aimed at regulating or setting prices for goods and services in a market.

Economic Value

The quantification of the advantage that a product or service delivers to an economic participant.