A Young Man Plans to Sell Umbrellas at the City's

question 19

Multiple Choice

A young man plans to sell umbrellas at the city's Easter Parade. He knows that he can sell 152 umbrellas at $14 each if it rains hard, he can sell 108 if it rains lightly, and he can sell 41 if it doesn't rain at all. Past records show it rains hard 28% of the time on Easter, rains lightly 69% of the time, and does not rain at all 3% of the time. If he can buy 0, 100, or 200 umbrellas at $5 each and return the unsold ones for $3 each, how many should he buy? ​

• A)200 umbrellas
• B)100 umbrellas

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Definitions:

Western Philosophy

A philosophical tradition originating in the Western world, broadly encompassing the philosophy of ancient Greece and Rome, medieval European philosophy, and modern Western thought.

Cognitive Dissonance

State of psychological tension produced by simultaneously having two opposing cognitions. People are motivated to reduce the tension, often by changing or rejecting one of the cognitions. Festinger proposed that we seek harmony in our attitudes, beliefs and behaviours and try to reduce tension from inconsistency among these elements.

Japanese Participants

Individuals from Japan taking part in an activity, study, or event.

American Participants

A term often used in research studies indicating the individuals taking part in the study are from the United States.