Question

the and the the or the M USICI U Uslon? Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area. but that dealer has several leasing options to accom- modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease options: an * be

Notice question d which is " What decision would beverly make if she wanted to minimize her expected cost ( Monetary value ) ?
Thus in D we have to do the following

But in the last column instead of 14715 and 14355 ( which is the answer) shouldn't it be 15030 and 14430 respectively ?

Answer 1

From the given information,

Average for row 1 is 15030 and for row 2 is 14430.

And hence you are absolutely correct my dear.

For Row 3, it is 15480 and it is written correctly so you can change it for the first two entries in the last column as 15030 and 14430 instead of 14715 and 14355 respectively.

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