« previous next »

Author Question: The decision tree shows the profit outcomes for a coffee shop in a strong and a weak economy for ... (Read 103 times)

justinmsk

  • Hero Member
  • *****
  • Posts: 524
on: Jul 6, 2018
The decision tree shows the profit outcomes for a coffee shop in a strong and a weak economy for next year. What is the probability that the economy will be weak in the coming year?
 
  A) 0.73
  B) 27 percent
  C) 50 percent
  D) 7.3

Question 2

The communist system in China rewarded additional pay to hard workers, and modern global firms find that Chinese workers who are paid by the hour work extra hard.
 
  Indicate whether this statement is true or false.


debra928

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 6, 2018
Answer to Question 1

Answer: A
Explanation: There are only two outcomes in this decision tree. Since the sum of all outcomes must equal 100 percent, or 1.0, the probability of a weak economy is 1.0 - 0.27, or 0.73.

Answer to Question 2

Answer: FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

justinmsk

  • Hero Member
  • *****
  • Posts: 524
Reply #2 on: Jul 6, 2018
Correct answers!


debra928

  • Sr. Member
  • ****
  • Posts: 342
Reply #3 on: Jul 6, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

(b) A epiphytic plant growing on the branch of a tree. (b) A epiphytic plant growing on the branch of a tree.
Beavers can have strong impacts as ecosystem engineers. Beavers can have strong impacts as ecosystem engineers.
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
A phylogenetic tree showing that all non-African human populations share a closer genetic relationsh A phylogenetic tree showing that all non-African human populations share a closer genetic relationsh
Section of a normal brain (left) and an HD brain (right). The HD brain shows extensive damage to the Section of a normal brain (left) and an HD brain (right). The HD brain shows extensive damage to the
A melting profile shows the increase in UV absorption versus temperature A melting profile shows the increase in UV absorption versus temperature
Video: Bacteriophage (Virus) - Mice Experiment

For a complete list of videos, visit our video library