Central Parking is considering whether to expand their current facilities. There is a 30 percent chance that 100
more spots will be needed because of a new increase in subway fares. However, there is a 70 percent chance that only 50 more spots will be needed because the cost of driving will be roughly equal to mass transit. What should be their average lot expansion size?
A. 30 spots
B. 35 spots
C. 75 spots
D. 65 spots
D). 65 posts The probabilities are calculated as follows: 30% to increase by 100 70% to increase by 30 So in this case we... View the full answer