starting up a custom t-shirt business, and i'm trying to figure out how many logo printing machines to buy. each machine costs 2000 and it has a 80% chance of working when it arrives from china. If I don't have a working machine, ill lose out on 2,000,000 in profit (ignoring the machine cost). How many machines should i buy to get rich as possible

starting up a custom t-shirt business, and i'm trying to figure out how many logo printing machines to buy. each machine costs 2000 and it has a 80% chance of working when it arrives from china. If I don't have a working machine, ill lose out on 2,000,000 in profit (ignoring the machine cost). How many machines should i buy to get rich as possible

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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i'm starting up a custom t-shirt business, and i'm trying to figure out how many logo printing machines to buy. each machine costs 2000 and it has a 80% chance of working when it arrives from china. If I don't have a working machine, ill lose out on 2,000,000 in profit (ignoring the machine cost). How many machines should i buy to get rich as possible?

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