Top Posters
Since Sunday
c
6
r
4
c
3
m
3
h
3
1
3
n
3
s
3
d
3
c
3
r
3
e
3
Home Q & A Board Other Fields Homework Help Business Management
New Topic  
tt870116tw tt870116tw
wrote...
Go to Answer
Posts: 306
Rep: 21 0
6 years ago
Lisa is trying to decide on the location of her entrepreneurial venture  Flower Power, a specialty wedding flower service. She has three possible locations (A, B, C) in mind. Lisa has projected that in the first year of operation, under ideal conditions, her company would generate $80,000 at Location A, $55,000 at Location B, and $45,000 at Location C. However, after further analysis, Lisa has determined that there is only a 20 percent chance of ideal conditions occurring during the first year of operation in Location A. Locations B and C have a .4 and a .8 probability, respectively, for ideal conditions during the first year of operations. Based on this information, which location should Lisa choose?
A) Lisa should choose location A.
B) Lisa should choose location B.
C) Lisa should choose location C.
D) Lisa should choose either Location A or B because both are viable.
E) Lisa should choose either Location A or C because both are viable.
Read 52 times
2 Replies
Replies
Answer verified by a subject expert
atree1157atree1157
wrote...
#1
Posts: 231
Rep: 42 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

tt870116tw Author
wrote...
#2
6 years ago
Exactly what I needed for my quiz Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1383 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1293
  
 495
  
 122
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 484
Previous poll results: Should Ph.D.'s be addressed as doctors?