Blossom's Flowers Purchases Roses for Sale for Valentine's Day

question 83

Multiple Choice

Blossom's Flowers purchases roses for sale for Valentine's Day.The roses are purchased for $10 a dozen and are sold for $20 a dozen.Any roses not sold on Valentine's Day can be sold for $5 per dozen.The owner will purchase 1 of 3 amounts of roses for Valentine's Day: 100,200,or 400 dozen roses.The number of states of nature for the payoff table is

• A)2
• B)3
• C)4
• D)It cannot be determined.

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Definitions:

Clever Hans

Clever Hans was a horse that was claimed to be able to perform arithmetic and other intellectual tasks, later found to be responding to subtle cues from his handler.

Arithmetic

The branch of mathematics dealing with the properties and manipulation of numbers, including operations like addition, subtraction, multiplication, and division.

Cues

Signals or stimuli that cause a response or direct attention, used in various contexts including psychology, communication, and behavior analysis.

ESP

Extrasensory perception, a claimed ability to gain information through means other than the known human senses.