You Are Responsible for Purchasing 25 Used Cars for Your

question 269

Multiple Choice

You are responsible for purchasing 25 used cars for your company. Star Brand cars costs $7,500 and Diamond Brand cars cost $6,000. Based on experience, you believe that 20% of Star Brand cars are lemons low quality) while 40% of Diamond Brand cars are lemons low quality) . You are willing to pay $5,000 for a known lemon and $12,000 for a known plum. Which brand do you purchase?

• A)Star
• B)Diamond
• C)indifferent between brands
• D)donʹt buy either brand

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Definitions:

Slow-Wave Sleep

Slow-wave sleep, often referred to as deep sleep, is a stage of sleep characterized by slow brain waves and is considered crucial for restorative sleep.

Insomnia

A condition involving challenges with initiating sleep, maintaining sleep, or achieving refreshing sleep.

Mortality Risk

The probability of death within a specific period, often used in health and life insurance industries to assess policy rates and coverage.

Pseudo-Insomnia

A condition in which a person believes they have sleep disturbances or insomnia but sleep studies show normal sleep patterns.