1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alex41 [277]
3 years ago
5

Consider a firm handling concessions for a sporting event. The firm’s manager needs to know whether to stock up with coffee or col

a and is formulating policies for specific weather predictions. A local agreement restricts the firm to selling only one type of beverage. The firm estimates a $1500 profit selling cola if the weather is cold and a $5000 profit selling cola if the weather is warm. The firm also estimates a $4000 profit selling coffee if it is cold and a $1000 profit selling coffee if the weather is warm. The weather forecast says that there is a 30% of a cold front; otherwise, the weather will be warm. Build a decision tree to assist with the decision. What should the firm handling concessions do?

Mathematics
1 answer:
julsineya [31]3 years ago
5 0

Answer: Cola is more profitable over Coffee

Step-by-step explanation:

E(cola) = 0.3 * 1500 + 0.7 * 5000

E(cola) = 450 + 3500

E(cola) = 3950

E(coffee) = 0.3 * 4000 + 0.7 * 1000

E(coffee) = 1200 + 700

E(coffee) = 1900

From the decision tree which is attached, and the calculations above, it would be advised that the firm should focus on Cola, since it has a higher expected revenue of $3950, compared to the expected revenue of $1900 for coffee.

See the attached image for the decision tree

You might be interested in
I need help on number 31
koban [17]

Answer:

gh

Step-by-step explanation:


5 0
3 years ago
What is the solution problem for x=9.81.
mixer [17]
Wouldnt it be 9.81? you already found x just calculate it
8 0
2 years ago
HELP!!!!! U GOTTA DO THIS PLS
salantis [7]

Answer:

60 almonds?

Step-by-step explanation:

3 0
2 years ago
Read 2 more answers
I need help please quiz
Anon25 [30]

Answer:

f(x - 4) = x^2 - 6x+ 8

Step-by-step explanation:

Given

f(x) = x^2 + 2x

Required

Find f(x - 4)

Substitute x - 4 for x

f(x - 4) = (x- 4)^2 + 2(x - 4)

Expand

f(x - 4) = x^2 - 8x + 16 + 2x - 8

Collect like terms

f(x - 4) = x^2 - 8x + 2x+ 16  - 8

f(x - 4) = x^2 - 6x+ 8

4 0
2 years ago
A is a common multiple of two or more denominators
butalik [34]

Answer:

If this is a true or false

Step-by-step explanation:

It’s true

6 0
3 years ago
Other questions:
  • What is the standard form of the equation of a parabola is y = 5x^2 + 20x + 14. What is the vertex form of the equation
    8·1 answer
  • I need help please, the question is The temperature at 6am is 12 F. During the next twelve hours, the temperature increases 25 F
    7·1 answer
  • Which quadratic equation is equivalent to (x+2)2+5(x+2)-6=0
    15·1 answer
  • Help on this question please
    13·1 answer
  • Find the answers please?
    9·2 answers
  • Find the missing side
    9·2 answers
  • Emilio's teacher asks him to draw a triangle that contains a right angle. Two of the three sides of the triangle must have measu
    11·1 answer
  • City electric provides electricity for 1/8 of the homes in the center city. city electric provides electricity for (blank) % of
    5·2 answers
  • The measures of the obtuse angles in the isosceles trapezoid are five more than four times the measures of the acute angles. Wri
    13·1 answer
  • Daniel wants to buy Five-sixths of a pound of pecans. Pecans cost $7.98 per pound. How much will Daniel spend on pecans?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!