Among a group of 2,500 people, 35 percent invest in municipal bonds, 18 percent invest in oil stocks, and 7 percent invest in bo
1 answer:
Answer:
Probability that the person selected will be one who invests in municipal bonds but not in oil stocks is
Explanation:
Given : Total no of people in the group = 2500
Investors of municipal bonds = 35% i.e .35 × 2500 = 875
Investors of both municipal bonds and oil stocks
= 7% i.e .07 × 2500
= 175
Hence, the investors who have invested in municipal bonds but not oil stocks = 875 - 175 = 700 investors
Probability that the person being selected will be one who invests in municipal bonds but not in oil stocks =
=
=
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Answer:
a. $198.200
Explanation:
Income is defined as the difference between total sales and total expenses. Expenses encompass both fixed and variable costs.
The contribution margin ratio is defined as:
Therefore, the dollar amount of sales required to obtain an income of $15,100 is:
The dollar amount of sales must be $198,200