Question: The bike shop owner has now done a bit more

The bike shop owner has now done a bit more research and believes that the demand for high-end bikes has shifted, so that now the low demand is 50% likely and the high demand is only 10% likely. How does this change your responses to Exercise 37? Find the new RRR. Does your recommendation to the shop owner change?
In exercise



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  • CreatedMay 15, 2015
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