Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. advance math
  3. can someone explain it with detail explanation? tw

Can someone explain it with detail explanation? Two clothing stores in a shopping center compete for...

80.2K

Verified Solution

Question

Advance Math

Can someone explain it with detail explanation?

Two clothing stores in a shopping center compete for the weekendtrade. On a clear day the larger store gets 60% of the business andon a rainy day the larger store gets 80% of the business. Either orboth stores may hold a sidewalk sale on a given weekend, but thedecision must be made a week in advance and in ignorance of thecompetitor’s plans. If both have a sidewalk sale, each gets 50% ofthe business. If, however, one holds the sale and the otherdoesn’t, the one conducting the sale gets 90% of the business on aclear day and 10% on a rainy day. It rains 40% of the time. Howfrequently should each retailer conduct sales?

Answer & Explanation Solved by verified expert
3.6 Ratings (457 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How did innovations in transportation and communication affect social mobility?Ideas were not easily shared.People could...

Biology
Q

Here is the heart of the debate between GAAP and IFRS: Describe the difference between rules-based...

Accounting
Q

1189) The following values of y (cm) were measured for some unknown function. ...

Basic Math
Q

Discuss the process that sperm take to become mature. Also discuss where all the seminal fluid...

Medical Sciences
Q

Explain how a company may utilize a net capital loss for tax purposes. After this is explained,...

Finance
Q

1 The mass of a calorimeter is 10 gm The specific heat of the material...

Physics
Q

11 A potentiometer consists of a wire of length 4 m and resistance 20 S2...

Physics
Q

Suppose the total cost C(x) (in dollars) to manufacture a quantity x of weed killer...

Basic Math
Q

Mercy Hospital has the following balances...

Accounting
Q

On July 1, 2022, Aaron places in service a new SUV ( 5Yr ) that...

Accounting
Q

A cash budget, by quarters, is given below for a retall company (000 omitted). The...

Accounting
Q

Flitter reported net income of $19,500 for the past year. At the beginning of the...

Accounting