TABLE 5-8 Two Different Designs on a New Line of Winter Jackets

question 122

Short Answer

TABLE 5-8
Two different designs on a new line of winter jackets for the coming winter are available for your manufacturing plants. Your profit (in thousands of dollars) will depend on the taste of the consumers when winter arrives. The probability of the three possible different tastes of the consumers and the corresponding profits are presented in the following table.

-Referring to Table 5-8, if your investment preference is to maximize your expected profit and not worry at all about the risk that you have to take, will you choose a production mix that will consist of 10%, 30%, 50%, 70%, or 90% of your production lines for Design A and the remaining for Design B?

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Definitions:

Megaspore

The larger type of spore in some plants that develops into a female gametophyte.

Pollinated

The transfer of pollen from the male parts of a flower to the female parts of the same or another flower, leading to fertilization and the production of seeds.

Petals

The often colorful parts of a flower, usually located between the sepals and the reproductive organs, involved in attracting pollinators.

Megasporocyte

A cell within the ovules of plants that undergoes meiosis to produce four megaspores, leading to the development of female gametophytes.