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Leviafan [203]
3 years ago
12

To assess risk and return involved in a purchase decision, which practical questions should a potential buyer ask? Check all tha

t apply.
A. What can go wrong?
B. What are the alternatives?
C. Is risk avoidable?
D.What is the likely return?
E. Is the risk worth the return?
Business
2 answers:
AleksAgata [21]3 years ago
5 0
The practical questions that a buyer should ask are: -What can go wrong? And -Is the risk worth the return? These questions are very deep that can help the buyer in his or her decisions in purchasing a product. These are critical questions that must be answered by the seller because these questions will test if the product is worth to pay. <span>
</span>
vaieri [72.5K]3 years ago
4 0
I believe the answer is: 

- What can go wrong?
This question is asked to find out the potential risk that may occur after purchasing the product.

- What is the likely return?
This question is asked to find out potential benefit from consuming the product

-Is the risk worth the return?
<span>The purchase should be made only if the potential benefit would outweigh potential risk

</span>
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Answer:

Arrival rate λ= 19 pages per hour

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3 years ago
A study by the National Park Service revealed that 50 percent of vacationers going to the Rocky Mountain region visit Yellowston
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Answer:

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b) Joint Probability

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Explanation:

Part 1 of the Question

First, we determine the formula for calculating the probabilities of Yellowstone Park and the Tetons as follows

Probability of Yellow Stone = <em>p(</em>Yellowstone)= 0.5 or 50%

Probability of Tetons = <em>p(</em>Tetons)= 0.4 or 40%

Probability of Both = <em>p(</em>Both)= 0.35 or 35%

Therefore, the probability of visiting at least one by a vacationer is as follows:

p(At least One) =  <em>p(</em>Yellowstone or Tetons)

=  <em>p(</em>Yellowstone) + <em>p(</em>Tetons) - <em>p(</em>Both)

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= 0.5+0.4-0.35

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Part 2 of the Question

First the probability of 35% represents the possibility of a vacationer visiting the two locations, hence, it can be called the percentage of intersection between Tetons and Yellowstone. It is also referred to as joint probability

Part 3 of the Question

Once event are mutually exclusive, it means they cannot be carried out or considered together. In other words, one becomes an alternate cost for the other. This means going to Yellowstone means the vacationer cannot go to Tetons and vice versa. In this situation, the joint probability will not be possible (0%). Since, we already know that there is a joint probability of 35%, it means <u>the events are not mutually excusive</u>

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