Figure 3-2 A Company Usually Processes 20,000 Orders at a Total Cost

question 45

Multiple Choice

Figure 3-2
A company usually processes 20,000 orders at a total cost of $300,000. During the year, only 16,000 orders were processed.
-Refer to Figure 3-2. What is the cost of unused activity?

• A) $300,000
• B) $240,000
• C) $30
• D) $60,000

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Definitions:

True Proportion

The actual proportion of individuals in a population that exhibits a particular trait or characteristic.

Confidence Interval

A swath of values from sample statistical analysis, considered probable to contain the value of an undefined population attribute.

Childcare

The care, supervision, and nurturing of children, typically performed by someone other than the child's parents or legal guardians.

Mean

The mean is the mathematical average of a set of numbers or measurements, obtained by adding them together and dividing by the number of observations.