The New Owner of a Beauty Shop Is Trying to Decide

question 120

Multiple Choice

The new owner of a beauty shop is trying to decide whether to hire one, two, or three beauticians. She estimates that profits next year (in thousands of dollars) will vary with demand for her services, and she has estimated demand in three categories, low, medium, and high. $$\begin{array} { | l | l | l | l | } \hline { \begin{array} { l } \text { NUMBER } \\\text { OF } \\\text { BEAUTICIANS }\end{array} } & { \text { DEMAND } } \\\hline & \text { LOW } & \text { MEDIUM } & \text { HIGH } \\\hline \text { One } & 50 & 75 & 100 \\\hline \text { Two } & 0 & 100 & 100 \\\hline \text { Three } & - 100 & 70 & 300 \\\hline\end{array}$$ If she uses the Laplace criterion, how many beauticians will she decide to hire?

• A) one
• B) two
• C) three
• D) either one or two
• E) either two or three

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Definitions:

Hot Stove

An analogy often used to describe the immediate, consistent, and impersonal consequence of touching a hot stove, likened to effective disciplinary action.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out neural signals.

Incoming Information

Data or stimuli received by an individual or system that is yet to be processed or analyzed.

Senses

The physiological methods of perception, including sight, hearing, touch, taste, and smell.