« previous next »

Author Question: The decision tree shows the profit outcomes for a coffee shop in a strong and a weak economy for ... (Read 116 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?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Leopard in a tree Leopard in a tree
Priming Affects the Speed of Respones on a Lexical Decision Task Priming Affects the Speed of Respones on a Lexical Decision Task
Molecular tree of life Molecular tree of life
Tree rings as indicators of environmental change Tree rings as indicators of environmental change
This image shows a normal third-trimester fetal brain This image shows a normal third-trimester fetal brain
Evolutionary Tree Evolutionary Tree
Video: Transmission Across a Synapse

For a complete list of videos, visit our video library