The Owner of Tastee Cookies Needs to Decide Whether to Lease

Multiple Choice

The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outlet. She estimates that monthly profits will vary with demand for her cookies as follows:

For what range of probability that demand will be high, will she decide to lease the small facility?

A) 0-0.25
B) 0-0.33
C) 0.25-0.5
D) 0.33-1
E) 0.5-1