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Author Question: The decision tree shows the profit outcomes for a coffee shop in a strong and a weak economy for ... (Read 188 times)

justinmsk

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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

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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


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justinmsk

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Reply #2 on: Jul 6, 2018
Correct answers!


debra928

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Reply #3 on: Jul 6, 2018
Great! Please up vote :D


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