A Recently-Accredited College of Business Discovers It Is in Dire

question 58

Multiple Choice

A recently-accredited College of Business discovers it is in dire financial trouble and wants to examine demand for services and costs to provide them next year.Market conditions may become more favorable,resulting in a 10% increase in enrollment,with a probability of 0.5,stay the same,with a probability of 0.3,or become less favorable,with a probability of 0.2 and a decrease in enrollment of 10%.There is a 0.9 probability that their costs to provide services will rise by 5% and a 0.1 probability that their costs will be the same.This year,they charge each of their 2000 students $3000 to take a full course load and spend $1500 on each student.
-What is the profit for the college if it experiences a decrease in enrollment and an increase in their cost to provide services?

• A)$3,150,500
• B)$2,850,000
• C)$2,565,500
• D)$1,935,000

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Definitions:

Uterine Tube

Also known as the fallopian tube, it is a part of the female reproductive system that connects the ovaries to the uterus and is the pathway for the egg to travel during ovulation.

Vagina

A muscular tube connecting the external genitals to the cervix of the uterus in females, playing roles in intercourse and childbirth.

Ovary

A female reproductive organ in which oocytes (egg cells) are produced and stored, also responsible for the production of hormones like estrogen and progesterone.

Copulatory Organ

A structure in an animal's body used for mating and transferring sperm to the female reproductive tract.