The decision tree shows the profit outcomes for a sandwich shop in a strong and a weak economy. The shop is likely to make $105,000, the sum of both projections
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Overall, the shop will make the sum of the probability products, or (0.40 × $80,000) + (0.60 × $25,000) = $32,000 + $15,000 = $47,000.
Business
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Business