Answer:
The probability that a randomly selected consumer will recognize Amazon is 0.988.
Step-by-step explanation:
The data given in the question is
Total number of consumers = 795 + 10 = 805
Consumers who knew of Amazon = 795
Consumers who did not know of Amazon = 10
The formula for calculating probability of an event A is:
P(A) = No. of favourable outcomes/Total no. of possible outcomes
P(Recognize Amazon) = No. of Consumers who knew Amazon/Total no. of consumers
P(Recognize Amazon) = 795/805
= 0.98757
P(Recognize Amazon) ≅ 0.988
The probability that a randomly selected consumer will recognize Amazon is 0.988.
Step-by-step explanation:
9.1
....................
Answer:
Break-even point in units= 20,000
Step-by-step explanation:
Giving the following information:
Selling price per unit= $29.99
Unitary variable cost= $14.25
Fixed costs= $314,800
<u>To calculate the break-even point in units, we need to use the following formula:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 314,800 / (29.99 - 14.25)
Break-even point in units= 20,000
I believe the answer is C
