Jacob's physical toy store relies on offline metrics, such as store visits and in-store sales. He's heard that specialized campa
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Answer: The probability that a randomly selected citizen has a favorable or unfavorable opinion is 1 or 100%.
In this question, we have only two answers favorable or unfavorable.
A person can't have both opinions at the same time.
So these events - favorable and unfavorable are mutually exclusive events i.e one event cannot occur when the other occurs.
Let P(F) be the probability of a person who has a favorable opinion
P(UF) be the probability of a person who has an unfavorable opinion
Now, the probability of either one of two mutually exclusive events occurring is:
Answer:
<u>February.</u>
Desired ending inventory = 10% of March Cost of goods(COGS):
= 10% * 35,000
= $3,500
Inventory needed = COGS + ending inventory
= 32,000 + 3,500
= $35,500
Beginning inventory = January ending inventory = $3,200
Required Purchases = Inventory needed - Beginning inventory
= 35,500 - 3,200
= $32,300
<u>March</u>
Desired ending inventory = 10% of April COGS:
= 10% * 40,000
= $4,000
Inventory needed:
= 35,000 + 4,000
= $39,000
Beginning inventory = February ending inventory = $3,500
Required purchases:
= 39,000 - 3,500
= $35,500
