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
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q4: If D = 1.00,then N(1.00)is approximately<br>A)0.69000.<br>B)1.00000.<br>C)0.08332.<br>D)0.35090.<br>E)None of
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