Multiple Choice
Tony B.is attempting to start a landscaping business.He estimates that to break even, he will need about 150 customers.He believes that he will lose approximately $500 per customer for each customer fewer than the 150.At the moment, he believes there is an 80% probability that he will be able to secure between 130 and 170 customers, and that there is a 50/50 chance that demand will be greater than 160 customers.What is the mean or expected number of sales?
A) 130
B) 150
C) 160
D) 170
Correct Answer:
Verified
Correct Answer:
Verified
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