Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 2 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Economics Posted 27 Jun 2018 My Price 3.00

mechanical car lift

mary would like to prevent work related injuries in her body shop. If an accident were to occur, it would cost her $1,000,000 in damages. Installing a mechanic car lift would decrease the probability of an accident occurring from 40% to 20%. However, it would cost $40,000 to install.

a.) should MAry install the mechanical car lift?

if so, what would be the expected loss after installing the mechanical car lift?

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Jun 2018 09:06 PM My Price 3.00

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