A) Product B, Since It Has the Highest Contribution Margin

question 2

Multiple Choice

• A) product b, since it has the highest contribution margin per unit.
• B) product b, since it has the highest price.
• C) product a, since it has the highest contribution margin per labour hour.
• D) product B, since it has the lowest costs.

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Definitions:

Unemployment Rate

The fraction of people in the labor force who are without jobs and are looking for employment.

Random Sample

A subset of individuals chosen from a larger set (population) in such a way that every member has an equal chance of being included.

Null Hypothesis

A statistical proposition that asserts the absence of a difference or effect, typically to be tested against an alternative hypothesis suggesting a significant effect or relationship.

Null Hypothesis

A default hypothesis that there is no significant difference or effect, used as a basis for statistical testing.