ENGINEERING ECONOMIC ENHANCED EBOOK
ENGINEERING ECONOMIC ENHANCED EBOOK
14th Edition
ISBN: 9780190931940
Author: NEWNAN
Publisher: OXF
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The Kwik Klean car wash loses $250 on rainy days and gains $1200 on non rainy days.  If the probability of rain is 0.13, what is the expected net profit?
While drilling a wildcat well, a tool is stuck. The engineers have two options: (1) to fish for the tool or • (2) sidetrack the well above the stuck position. The cost for each option and the associated probabilities are given in the table that follows. Based on expected value analysis, select the most economically viable option. Outcome Probability Cost, MS Fishing Routine 35% 126 Troublesome 65% 380 Sidetrack Immediately Routine 85% 245 Troublesome 15% 436
A company invests on selling computer units worth Php 32,000.00. The probability of maintaining this price throughout the year is 65% while that of less or more than 10% the expected are 15% and 20%, (a) what is the probability that the selling price for that year is more than the expected price? (А) 0.65 (в) 0.85 0.2 D) 0.8 (E) 0.15 (F) 0.25 G) 1
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