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    Payoff Table Alternatives

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    Blossom's Flowers purchases roses for sale for Valentine's Day. The roses are purchased for $10 a dozen and are sold for $20 a dozen. Any roses not sold on Valentine's Day can be sold for $5 per dozen. The owner will purchase 1 of 3 amounts of roses for Valentine's Day: 100, 200, or 400 dozen roses. The number of alternatives for the payoff table is

    a. 4
    b. 3
    c. 2
    d. It cannot be determined.

    © BrainMass Inc. brainmass.com June 3, 2020, 10:27 pm ad1c9bdddf
    https://brainmass.com/statistics/probability/alternatives-231552

    Solution Summary

    This solution identifies the correct number of alternatives for the payoff table and justifies why.

    $2.19

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