The National Sales Manager for "I Colored This" (ICT) T-Shirts

question 30

Multiple Choice

The national sales manager for "I colored this" (ICT) T-shirts, provides all salespersons with the opportunity loss table showing the potential lost profit for each purchase decision or act from 1 to 4 dozen T-shirts. The probability of demand for each state of nature is also shown. What is the expected opportunity loss of purchasing 4 dozen T-shirts?

• A) 84
• B) 108
• C) 156
• D) 204

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Definitions:

Yottabyte

A unit of digital information storage equivalent to 1,000 zettabytes or 10^24 bytes.

Big Data

Any set of data that is too large or too complex to be handled by standard data-processing techniques and typical desktop software.

Variety

The diversity in types and structures of the data generated.