Find expected value of the equivalent uniform annual cost

Reference no: EM132165047

Question: 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?

Reference no: EM132165047

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