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Your firm wishes to determine whether or not to extend credit to a customer who has ordered 100 boxes of product from your firm that
Your firm wishes to determine whether or not to extend credit to a customer who has ordered 100 boxes of product from your firm that you sell for $9 a box and which costs the firm $3 per box. This is the only order the customer is expected to make. Which of the following comes closest to the probability of paying that would make the firm indifferent to handing out the credit? 44.4% 33.3% 23.0% 10.0% 7.00%
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