Maurice Tutor

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Category > Computer Science Posted 28 Aug 2017 My Price 5.00

amplified pressure

A company that manufactures amplified pressure transducers is trying to decide between a dual speed and a variable-speed machine. The engineers are not sure about the salvage value of the variable-speed machine, so they have asked several different used-equipment dealers for estimates. The results can be summarized as follows:

there is a 32% chance of getting $20,000, a 45% chance of getting $28,000, and a 13% chance of getting $34,000. Also, there is a 10% chance that the company may have to pay $5000 to dispose of the equipment. Calculate the

expected salvage value.

 

 

 
 

Answers

Maurice Tutor
(5)
Status NEW Posted 28 Aug 2017 03:08 PM My Price 5.00

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