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Sliva [168]
3 years ago
5

Students who live on campus and purchase a meal plan are randomly assigned to one of three dining halls: the Commons, Northeast,

and Frazier. What is the probability that the next student to purchase a meal plan will be assigned to the Commons?a. 0.33
b. 0.5
c. 0.66
d. 0.25
Business
2 answers:
slavikrds [6]3 years ago
8 0

Answer:

a. 0.33

Explanation:

Probability is the ratio of possible outcome to the total outcome. Given that there are 3 meals a student can choose from.

This means that the total outcome is 3. If each student is assigned to one, the number of possible outcome then is 1.

Hence the probability that the next student to purchase a meal plan will be assigned to the Commons

= 1/3

=0.33

Brut [27]3 years ago
5 0

Answer:

What is the probability that the next student to purchase a meal plan will be assigned to the Commons?a. 0.33

Explanation:

P(A) = (No. of ways A can occur)/(Total no. of possible outcomes)

P=1/3

P=0,333

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What two conditions must hold for a competitive market to produce efficient outcomes? Group of answer choices Firms must maximiz
faltersainse [42]

Answer:

The answer is: Supply curves must reflect all costs of production, and demand curves must reflect consumers´ full willingness to pay.

Explanation:

The characteristics of a competitive market are:

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Theoretically if all of the above conditions occur, profit maximizing companies will combine with utility maximizing consumers, and markets will tend to produce efficient outcomes.

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3 years ago
A manufacturer of luxury yachts would use which type of costing​ system?
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8 0
3 years ago
Precilla Company uses a standard costing system that allows 2 pounds of direct materials for one finished unit of product. Durin
fenix001 [56]

Answer:

actual quantity= 25,000 pounds

Explanation:

Giving the following information:

Standard quantity= 2 pounds per units

Production= 12,000 units

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<u>To calculate the actual quantity used in production, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

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125,000/5 = actual quantity

25,000 = actual quantity

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