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    Quantitative Analysis for Management
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    Exam 18: Decision Theory and the Normal Distribution
  5. Question
    Given the Following Opportunity Loss Function, Determine the Loss When
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Given the Following Opportunity Loss Function, Determine the Loss When

Question 25

Question 25

Multiple Choice

Given the following opportunity loss function, determine the loss when 400 units are sold. Opportunity loss = 5 (800 - X) for X ≤ 800, otherwise 0.


A) -1,200
B) 2,000
C) 0
D) 1,800

Correct Answer:

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