You are responsible for purchasing 25 used cars for your company. Star Brand cars costs $7,500 and Diamond Brand cars cost $6,000. Based on experience, you believe that 20% of Star Brand cars are lemons low quality)while 40% of Diamond Brand cars are lemons low quality). You are willing to pay $5,000 for a known lemon and $12,000 for a known plum. Which brand do you purchase?
A)Star
B)Diamond
C)indifferent between brands
D)donʹt buy either brand

Question

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The Answer of You are responsible for purchasing 25 used cars for your company. Star Brand cars costs $7,500 and Diamond Brand cars cost $6,000. Based on experience, you believe that 20% of Star Brand cars are lemons low quality)while 40% of Diamond Brand cars are lemons low quality). You are willing to pay $5,000 for a known lemon and $12,000 for a known plum. Which brand do you purchase?
A)Star
B)Diamond
C)indifferent between brands
D)donʹt buy either brand

You Are Responsible for Purchasing 25 Used Cars for Your