A company invests on selling computer units worth Php 32,000.00. The probability of maintaining this price throughout the year is 65% while that of less or more than 10% the expected are 15% and 20%, (a) what is the probability that the selling price for that year is more than the expected price? A 0.65 B 0.85 0.2 (D) 0.8

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter17: Making Decisions With Uncertainty
Section: Chapter Questions
Problem 8MC
icon
Related questions
Question
A company invests on selling computer units worth Php 32,000.00. The probability of maintaining this price throughout the year is
65% while that of less or more than 10% the expected are 15% and 20%, (a) what is the probability that the selling price for that year
is more than the expected price?
(А) 0.65
(в) 0.85
0.2
D) 0.8
(E) 0.15
(F) 0.25
G) 1
Transcribed Image Text:A company invests on selling computer units worth Php 32,000.00. The probability of maintaining this price throughout the year is 65% while that of less or more than 10% the expected are 15% and 20%, (a) what is the probability that the selling price for that year is more than the expected price? (А) 0.65 (в) 0.85 0.2 D) 0.8 (E) 0.15 (F) 0.25 G) 1
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning