You and your room-mate would like to purchase a projection TV for your apartment.You have gathered the following information about the two leading models:
You paid $750 for your current TV two years ago.
Required:
a.Which of the four factors listed above are relevant to your decision?
b.Is the cost of your old TV relevant to your decision? Why or why not?
c.Which of the factors are quantitative and which are qualitative?
Correct Answer:
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