Implications for building a requisite model

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Reference no: EM13981400

Lynn Rasmussen is deciding what sports car to purchase. In reflecting about the situa tion, it becomes obvious that after a few years Lynn may elect to trade in the sports car for a new one, although the circumstances that might lead to this choice are uncertain. Should trading in the car count as an uncertain event or a future decision? What are the implications for building a requisite model of the current car-purchase decision if trading in the car is treated as an uncertain event? As a decision?

Reference no: EM13981400

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