The Operations Manager for a Local Bus Company Wants to Decide

question 56

Multiple Choice

The operations manager for a local bus company wants to decide whether he should purchase a small, medium, or large new bus for his company. He estimates that the annual profits (in $000) will vary depending upon whether passenger demand is low, medium, or high, as follows: $$\begin{array} { | l | l | l | l | } \hline \text { Bus } & { \text { DEMAND } } \\\hline & \text { LOW } & \text { MEDIUM } & \text { HIGH } \\ \hline \text { Small } & 50 & 60 & 70 \\\hline \text { Medium } & 40 & 80 & 90 \\\hline \text { Large } & 20 & 50 & 120 \\\hline\end{array}$$ If he uses the Laplace criterion, which size bus will he decide to purchase?

• A) small
• B) medium
• C) large
• D) either small or medium
• E) either medium or large

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Definitions:

Secondary-process Thought

describes the rational, conscious thought processes rooted in logic, reality, and practicality, as distinguished from primary-process thought which is more about instinctual needs and desires.

False Memories

Memories that feel real but are actually constructions or distortions of reality, often influenced by external factors.

Loftus' Studies

Research conducted by psychologist Elizabeth Loftus on memory, particularly how suggestions can create false memories.

Accurate in Reality

Being true or correct in conformity with the actual state of things or conditions.