The Operations Manager for a Local Bus Company Wants to Decide

question 37

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, moderate, or high, as follows.

-If he uses the maximum likelihood 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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