The Following Distribution Table Represents Preferences for Two Types of Cereals

question 61

Multiple Choice

The following distribution table represents preferences for two types of cereals by 2000 boys and girls. Determine the probability that the person is a boy, given that the person likes Fruity Cereal.

• A) 500/1,000
• B) 500/2,000
• C) 1,200/2,000
• D) 500/1,200

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Definitions:

Entrepreneur's Talent

Entrepreneur's talent refers to the unique skills, insights, and abilities that an entrepreneur applies to develop innovative ideas, overcome obstacles, and drive business success.

Annual Revenue

The total amount of money generated by a company from its activities, such as sales or services, before any expenses are subtracted, in one fiscal year.

Explicit Cost

The monetary payment made by a firm to an outsider to obtain a resource.

Accounting Profits

The net earnings of a company calculated according to generally accepted accounting principles, taking into account all explicit costs but not implicit costs.