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

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

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

The Owner of Tastee Cookies Needs to Decide Whether to Lease