If each of the lines is equally likely to have the next stoppage, the probability that production line 1 is stopped next is 25%. This is an example of:

A) subjective probability.
B) classical probability.
C) relative frequency probability.
D) Bayesian probability.

B

Business

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Health Resources expects to sell 490 units of Product A and 420 units of Product B each day at an average price of $16 for Product A and $27 for Product B The expected cost for Product A is 41% of its selling price and the expected cost for Product B is 63% of its selling price. Health Resources has no beginning inventory, but it wants to have a four-day supply of ending inventory for each product. Compute the company's budgeted sales for the next (seven-day) week. (Round the answer to the nearest dollar.)

A) $10,359 B) $76,720 C) $134,260 D) $19,180

Business

Keller Company issued a five-year interest-bearing note payable for $100,000 on January 1, 2011. Each January the company is required to pay $20,000 on the note. How will this note be reported on the December 31, 2012 balance sheet?

A. Long-term Debt, $100,000 B. Long-term Debt, $80,000 C. Long-term Debt, $60,000; Long-term Debt due within one year, $20,000 D. Long-term Debt of $80,000; Long-term Debt due within one year, $20,000

Business