Mathematics, 28.05.2021 14:10 richaeviney
Dean Kuroff started a business of rehabbing old homes. He recently purchased a circa-1800 Victorian mansion and converted it into a three-family residence. Yesterday, one of his tenants complained that the refrigerator was not working properly. Dean’s cash flow is not extensive, so he was not excited about purchasing a new refrigerator. He is considering two other options: purchase a used refrigerator or repair the current unit. He can purchase a new one for $600, and it will easily last three years. If he repairs the current one, he estimates a repair cost of $150, but he also believes that there is only a 25% chance that it will last a full three years and he will end up purchasing a new one anyway. If he buys a used refrigerator for $200, he estimates that there is a 0.4 probability that it will last at least three years. If it breaks down, he will still have the option of repairing it for $150 or buying a new one. Develop a decision tree for this situation and determine Dean’s optimal strategy.
Answers: 2
Mathematics, 22.06.2019 00:00
Darragh has a golden eagle coin in his collection with a mass of 13.551\,\text{g}13.551g. an uncirculated golden eagle coin has a mass of 13.714\,\text{g}13.714g.
Answers: 2
Dean Kuroff started a business of rehabbing old homes. He recently purchased a circa-1800 Victorian...
Chemistry, 19.10.2019 15:50
Health, 19.10.2019 15:50
Health, 19.10.2019 15:50
Mathematics, 19.10.2019 15:50
Mathematics, 19.10.2019 15:50