Asked by Brian Doherty on Apr 25, 2024
Verified
What is the probability that the college experiences a decrease in enrollment and an increase in their cost to provide services?
A) 0.45
B) 0.27
C) 0.18
D) 0.02
Probability
The measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Enrollment
The process of registering or entering into a system, often used in the context of education or services.
Cost to Provide Services
The total expense incurred by a business to deliver a service, including labor, materials, and overhead costs.
- Evaluate the fiscal effects of shifts in enrollment figures and expense deviations in educational environments.
Verified Answer
PB
Pruthvi Borkhataria7 days ago
Final Answer :
C
Explanation :
The probability of a decrease in enrollment is 0.2, and the probability of an increase in costs is 0.9. To find the combined probability of both events happening, multiply the probabilities: 0.2 * 0.9 = 0.18.
Learning Objectives
- Evaluate the fiscal effects of shifts in enrollment figures and expense deviations in educational environments.