An engineering enterprise can make profits of (500,000$, 700,000$, 680,000$, 310,000$, 440,000$) during five years of its life with probabilities of (0.2, 0.15, 0.2, 0.1, 0.25) respectively or takes a loss of 200,000 $ at the end of the life with a probability of (0.1). The expected cost acquired at the end .of life of the enterprise is (552,000 $)
An engineering enterprise can make profits of (500,000$, 700,000$, 680,000$, 310,000$, 440,000$) during five years of its life with probabilities of (0.2, 0.15, 0.2, 0.1, 0.25) respectively or takes a loss of 200,000 $ at the end of the life with a probability of (0.1). The expected cost acquired at the end .of life of the enterprise is (552,000 $)
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Transcribed Image Text:An engineering enterprise can make profits
of (500,000$, 700,000$, 680,000$,
810,000$, 440,000$) during five years of its
life with probabilities of (0.2, 0.15, 0.2, 0.1,
0.25) respectively or takes a loss of 200,000
$ at the end of the life with a probability of
(0.1). The expected cost acquired at the end
.of life of the enterprise is (552,000 $)
True
False
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