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

Question

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

Quizplus · Accepted Answer

The Answer of 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 large facility?
A) 0-.25 
B) 0-.33 
C) .25-.5 
D) .33-1 
E) .5-1

The Owner of Tastee Cookies Needs to Decide Whether to Lease