For the data assume that the optimistic probability is 20, Business Economics

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For the data assume that the optimistic probability is 20

For the data, assume that the optimistic probability is 20%, the most likely is 50%, and the pessimistic is 30%.

(a) What is the expected value of the equivalent uniform annual cost?

(b ) Compute the expected value for the number of miles, and the corresponding equivalent uniform annual cost. (c ) Do the answers to (a) and (b) match? Why or why not?

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Business Economics: For the data assume that the optimistic probability is 20

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Business Economics: For the data assume that the optimistic probability is 20

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