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a) Two new product designs are to be compared on the basis of revenue potential. Marketing feels that the revenue from design A can be predicted quite accurately to be $3 million. The revenue potential of design B is more difficult to access. Marketing concludes that there is a probability of 0.3 that the revenue from design B will be $7 million, but there is a 0.7 probability that the revenue will be only $2 million. Which design do you prefer? ?

a) Two new product designs are to be compared on the basis of revenue potential. Marketing feels that the revenue from design A can be predicted quite accurately to be $3 million. The revenue potential of design B is more difficult to access. Marketing concludes that there is a probability of 0.3 that the revenue from design B will be $7 million, but there is a 0.7 probability that the revenue will be only $2 million. Which design do you prefer? ?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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a) Two new product designs are to be compared on the basis of revenue potential. Marketing feels that the revenue from design A can be predicted quite accurately to be $3 million. The revenue potential of design B is more difficult to access. Marketing concludes that there is a probability of 0.3 that the revenue from design B will be $7 million, but there is a 0.7 probability that the revenue will be only $2 million. Which design do you prefer? ?
Transcribed Image Text:a) Two new product designs are to be compared on the basis of revenue potential. Marketing feels that the revenue from design A can be predicted quite accurately to be $3 million. The revenue potential of design B is more difficult to access. Marketing concludes that there is a probability of 0.3 that the revenue from design B will be $7 million, but there is a 0.7 probability that the revenue will be only $2 million. Which design do you prefer? ?
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