Bicycle sales, part 2. The bike shop owner has now done a bit more research and believes

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Bicycle sales, part 2.

The bike shop owner has now done a bit more research and believes that the demand for highend bikes has shifted, so that now the low demand is 50%

likely and the high demand is only 10% likely. How does this change your responses to Exercise 41? Find the new RRR.

Does your recommendation to the shop owner change?

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Asim farooq

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