Scenario 13.1 - Nefarious

question 8

Multiple Choice

Scenario 13.1 - Nefarious
The tenured professor routinely led student groups on factory tours in exotic locales,and one popular destination was an island south of Miami.The students enjoyed this happy little island and the professor liked it because he could supplement his income by bringing back a few boxes souvenirs he could sell to his friends.The souvenirs cost the professor $125 a box and he sells them for $290 a box.Souvenirs that dry out due to age can be sold for $80.Experience has shown that the demand for boxes of these souvenirs has a mean of 80 with a standard deviation of 20.
-What is the optimal quantity of boxes for the professor to bring back home to sell to his friends?

• A)88
• B)74
• C)96
• D)82

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Definitions:

Biological Factors

Elements like genes, hormones, and brain chemistry that significantly influence how organisms function.

Self-report

A method of data collection in which participants provide information about themselves, often used in surveys and psychological studies.

S Data

Self-judgments, or ratings that people provide of their own personality attributes or behavior.

Questionnaire

A research instrument consisting of a series of questions and other prompts for the purpose of gathering information from respondents.