Mathematics, 21.02.2020 04:41 kadestew21
A particular shoe franchise knows that its stores will not show a profit unless they gross over $940,000 per year. Let A be the event that a new store grosses over $940,000 its first year. Let B be the event that a store grosses over $940,00 its second year. The franchise has an administrative policy of closing a new store if it does not show a profit in either of the first 2 years. The accounting office at the franchise provided the following information: 63% of all the franchise stores show a profit the first year; 73% of all the franchise stores show a profit the second year (this includes stores that did not show a profit the first year); however, 89% of the franchise stores that showed a profit the first year also showed a profit the second year. ?
Answers: 2
Mathematics, 21.06.2019 16:30, jweldene12
Why do interests rates on loans to be lower in a weak economy than in a strong one
Answers: 2
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