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

question 40

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. How many dozen T-shirts should you purchase based on minimizing the expected opportunity loss?

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Secondary Education

The stage of education following primary education, typically including high school or equivalent, focusing on preparation for higher education or vocational training.

Tertiary Education

Higher education programs, including universities and colleges, following the completion of secondary education, often leading to an academic degree.

Quaternary Education

Education that follows after tertiary education, including further academic or professional study, research, and training.

Digital Natives

People who were born or brought up during the age of digital technology, thus are familiar with computers and the Internet from an early age.