Tony BIs Attempting to Start a Landscaping Business

question 53

Multiple Choice

Tony B.is attempting to start a landscaping business.He estimates that to break even, he will need about 150 customers.He believes that he will lose approximately $500 per customer for each customer fewer than the 150.At the moment, he believes there is an 80% probability that he will be able to secure between 130 and 170 customers, and that there is a 50/50 chance that demand will be greater than 160 customers.What is the mean or expected number of sales?

• A)130
• B)150
• C)160
• D)170

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Definitions:

Social Security Benefits

Government payments made to eligible individuals, such as retirees or disabled workers, as part of a social insurance program.

Investment Component

The portion of GDP or economic output that is attributed to investment in physical assets, like buildings, equipment, and inventory.

Financial Investment

The allocation of resources into financial assets, such as stocks, bonds, or real estate, with the expectation of receiving future returns.

Purchases of Services

Transactions where buyers acquire services rather than tangible goods from sellers.