Question: The construction manager for Acme Construction, Inc. must decide whether to build single-family homes, apartments, or condominiums. The manager estimates annual profits (in $000 )
The construction manager for Acme Construction, Inc. must decide whether to build single-family homes, apartments, or condominiums. The manager estimates annual profits (in $000 ) will vary with the population trend as follows: If the chances of declining, stable, and growing population trends are 40%, 50%, and 10%, respectively, which kind of houses should be build? a. Apartments b. Either apartments or condos c. Either single family or apartments d. Single family
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