When the salesperson makes a sale, there are three possible sales levels: large, medium, and small
The probability of a large sale is 0.20 and the chance of a medium sale is 0.60. Thus, when a sale is made, the chance of it being a small sale is 0.20.
Indicate whether the statement is true or false
TRUE
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Harrison Recyclers Company uses the indirect method to prepare its statement of cash flows
Refer to the following information for 2017: 1. Retained Earnings, beginning balance, $138,000 2. Retained Earnings, ending balance, $122,000 3. There is a net loss of $15,000 for the year. What is the amount of dividends declared during the year? A) $31,000 B) $2,000 C) $1,000 D) $16,000
Which of the following would not be an essential element for a prescriptive easement:
A: Payment of taxes and assessments for a period of five years; B: Open and notorious use for five years; C: Use must be hostile to the owner; D: There must be some claim of right.