Real Estate Development A real estate developer has bought a large tract of land in Cook

Chapter 10, Problem 41

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Real Estate Development A real estate developer has bought a large tract of land in Cook County. He is considering using some of the land for a shopping center and some for houses. It is not certain whether the Cook County government will build a highway near his property or not. His financial advisor provides an estimate for the percentage profit to be made in each case and these percentages are given in the following table:

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