Question
A contractor must decide whether to construct a four, eight, or ten-story building. The annual profit estimates will change depending on the population trend as
A contractor must decide whether to construct a four, eight, or ten-story building. The annual profit estimates will change depending on the population trend as follows:
Stories | Declining trend | Stable trend |
Four | 100,000 | 45,000 |
Eight | 80,000 | 120,000 |
Ten | -10,000 | 150,000 |
The contractor estimates a 20% chance of a declining trend. What should the contractor do?
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Finite Math And Applied Calculus
Authors: Stefan Waner, Steven Costenoble
6th Edition
1285415132, 9781285415130
