Title: Discovered price$120$105$110Probability of discovering a lower price in next visit 0.50 0.125 ... Post by: Lighting2551 on Jul 22, 2019
Table 14.5 Table 14.5 contains data on the marginal benefit of searching for a lower price for a digital camera. The price of the camera ranges from $100 at the lowest price store to $140 at the highest price store. For any randomly selected store, any price from the low price to the high price is equally likely. The marginal cost of visiting each store is constant at $1.50 per visit. Refer to Table 14.5. At the discovered price of $120, the best guess of savings from a lower price is: ▸ $2.50. ▸ $5. ▸ $10. ▸ $20. Title: Discovered price$120$105$110Probability of discovering a lower price in next visit 0.50 0.125 ... Post by: jrhome1985! on Jul 22, 2019 Content hidden
Title: Discovered price$120$105$110Probability of discovering a lower price in next visit 0.50 0.125 ... Post by: Lighting2551 on Jul 22, 2019 Thank you
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