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The Owner of Tastee Cookies Needs to Decide Whether to Lease

Question 99

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: 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 medium facility? A)  0-.25 B)  0-.33 C)  .25-.5 D)  .33-1 E)  .5-1 For what range of probability that demand will be high, will she decide to lease the medium facility?


A)  0-.25
B)  0-.33
C)  .25-.5
D)  .33-1
E)  .5-1

Correct Answer:

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