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Joe's search costs are $5 per search. He wants to buy a smart watch for his wife for Christmas, and the lowest price he's found
Joe's search costs are $5 per search. He wants to buy a smart watch for his wife for Christmas, and the lowest price he's found so far is $200. Joe thinks 50 percent of the stores charge $200 for smart watches and 50 percent charge $190. Based on this information, how should Joe proceed?
Multiple Choice
- Joe should search again.
- Joe should stop searching and purchase the video player at $200.
- There is insufficient information to make a determination.
- Joe is indifferent between searching again and stopping.
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