Question: Please explain in detail how you arrived at the answer, what formula you are using, and the concept behind the question. I've been looking on

Please explain in detail how you arrived at the answer, what formula you are using, and the concept behind the question. I've been looking on chegg at similar questions, but can't fully grasp what is going on. It's for a Quantitive methods of management class.
 Please explain in detail how you arrived at the answer, what

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