Problem
Purchasing a Fleet of Used Cars. You are responsible for buying a fleet of 10 used cars for your employees and must pick either brand B or brand C. For your purposes, the two brands are identical except for one difference: Based on your experience with the two brands, you figure that 50 percent of B cars in the market are lemons and only 20 percent of C cars in the market are lemons. You are willing to pay $1,000 for a known lemon and $3,000 for a known plum. If the price of B cars is $1,800 and the price of C cars is $2,200, which brand of car should you pick?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.