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Probability, Break-Even Analysis, and Cost Calculations in Business Decisions

Application of probability and cost analysis in financial decision-making.

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Probability, Break-Even Analysis, and Cost Calculations in BusinessDecisionsQuestion 10 out of 2 pointsEmployees of a local company are classified according to gender and job type. Thefollowing table summarizes the number of people in eachjob category.Male (M)Female (F)JobAdministrative (AD)11010Salaried staff (SS)3050Hourly staff (HS)6040If an employee is selected at random, what is the probability that the employee isfemale or works as a member of the administration?AnswerSelected Answer:.70 .69 .71 .70. 69 .71Correct Answer:Evaluation MethodCorrect AnswerCase SensitivityExact Match0.70Exact Match0.69Exact Match0.71Exact Match.70Exact Match.69

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