The Owner of Tastee Cookies Needs to Decide Whether to Lease

question 111

Multiple Choice

The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outlet. She estimates that monthly profits will vary with demand for her cookies as follows: $\begin{array}{|l|l|l|l|}\hline\text {SIZE}\\\text {OF}&\text {DEMAND}\\\hline \text { OUTLET } & \text { LOW } && \text { HIGH } \\\hline \text { Small } & \$ 1,000 && 1,000 \\\hline \text { Medium } & 500 && 2,500 \\\hline \text { Large } & 0 && 3,000 \\\hline\end{array}$ If she feels there is a 30 percent chance that demand will be high, what are the expected monthly profits for the outlet she will decide to lease?

• A) $1,600
• B) $1,100
• C) $1,000
• D) $900
• E) $500

Write Java code that interacts with files for reading and writing data.

Know the difference between textual and binary files and their handling.

Understand and apply best practices for using scanner and bufferedReader classes.

Differentiate between the functionality of classes provided for file input and output.

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Definitions:

Conclusions

The end part of an argument or text, summarizing the main points or deducing a final judgment.

Claim

A statement asserting something to be true, which can be factual or a belief, often used in the context of legal disputes or arguments.

Prescriptive Premise

A premise in an argument containing a value statement.

John

A common male given name, but without additional context, its specific significance here is unclear.