Your Abercrom B men's fashion outlet has a 40% chance of launching an expensive new line of used auto-mechanic dungarees (complete with grease stains) and a 60% chance of staying instead with its traditional torn military-style dungarees. Your rival across from you in the mall, Abercrom A, appears to be deciding between a line of torn gym shirts and a more daring line of "empty shirts" (that is, empty shirt boxes). Your corporate spies reveal that there is a 40% chance that Abercrom A will opt for the empty shirt option. The payoff matrix gives the number of customers your outlet can expect to gain from Abercrom A in each situation.
?
Abercrom A
Torn Empty?
Shirts Shirts?
Abercrom B
?
What is the expected resulting effect on your customer base? Round the answer to the nearest whole number.
?
A. You can expect to lose 3 customers.
B. You can expect to lose 4 customers.
C. You can expect to lose 5 customers.
D. You can expect to gain 3 customers.
E. You can expect to gain 4 customers.
Answer: A
You might also like to view...
Determine whether the integration formula is correct. +
cot-1
x dx = ln x + ln (25 + 9x2) +
x cot-1
x + C
A. Yes B. No
The circle graph shows the results of the student council presidential election and the percent of the vote each person received.What percent of the votes did Ben NOT get?
A. 83% B. 65% C. 74% D. 17%
Two chemicals react to form another chemical. Suppose that the amount of chemical formed in time t (in hours) is given by where x(t) is measured in pounds.
a. Find the rate at which the chemical is formed when t=4. Round to two decimal places. b. How many pounds of the chemical are formed eventually?
Solve. A particular vitamin comes in 100 milligram tablets. Convert this to ounces. Round answer to the nearest thousandth, if necessary.
A. 0.04 oz B. 0.004 oz C. 1000 oz D. 3.53 oz