The construction manager for ABC Construction must decide whether to build single family homes,apartments,or condominiums.he estimates annual profits (in $000)will vary with the population trend as follows:

-If he uses the maximum likelihood criterion,which kind of dwellings will he decide to build?
A)Single family
B)Apartments
C)Condos
D)Either single family or apartments
E)Either apartments or condos

Question

The construction manager for ABC Construction must decide whether to build single family homes,apartments,or condominiums.he estimates annual profits (in $000)will vary with the population trend as follows:
 
-If he uses the maximum likelihood criterion,which kind of dwellings will he decide to build?
A)Single family 
B)Apartments 
C)Condos 
D)Either single family or apartments 
E)Either apartments or condos

Quizplus · Accepted Answer

The maximum likelihood criterion suggests choosing the option with the highest probability of success. If apartments have the highest likelihood of being successful, he will decide to build them.

The Construction Manager for ABC Construction Must Decide Whether to Build