DeShawn Has Spent $600 Purchasing and Repairing an Old Fishing

question 110

Multiple Choice

DeShawn has spent $600 purchasing and repairing an old fishing boat,which he expects to sell for $900 once the repairs are complete.DeShawn discovers that,in addition to the $600 he has already spent,he needs to make an additional repair,which will cost another $400,in order to make the boat worth $900 to potential buyers.He can sell the boat as it is now for $400.What should he do?

• A)He should sell the boat as it is now for $400.
• B)He should keep the boat since it would not be rational to spend $1,000 on repairs and then sell the boat for $900.
• C)He should complete the repairs and sell the boat for $900.
• D)It does not matter which action he takes;the outcome is the same either way.

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Definitions:

Both

Used to refer jointly to two specified or implied subjects, objects, or issues.

Nonlinear Association

A relationship between two variables where the change in one variable does not produce a proportional change in the other variable.

Linear Association

A relationship between two variables that can be represented on a graph as a straight line, indicating a consistent rate of change.

Moderately Strong Association

A statistical term indicating a reasonably strong relationship between two variables, showing noticeable correlation but not absolute prediction.