For Which Type of Industry Are Average Costs Per Sales

question 70

Multiple Choice

For which type of industry are average costs per sales call the highest?

• A) manufacturing
• B) service
• C) retail
• D) wholesale distribution
• E) nonprofit

---

Definitions:

Event B

An occurrence or outcome within a statistical experiment to which a probability can be assigned.

Mutually Exclusive

A characteristic of events that cannot occur at the same time, indicating a clear separation or distinction between them.

Collectively Exhaustive

A property of a set of events that ensures all possible outcomes are covered, leaving no possibility out.

Probability

A numerical measure of the likelihood of a specific event occurring, ranging from 0 to 1.