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A young engineer has invented holographic mobile phones and has approached a venture capital company to invest in it. The venture capital company considers the product to be an all or nothing product: either everyone will want one because everyone else has one or no one will want one because there will be no one to use it with. The company believes that the probability that it will take off netting them a profit of $2000000 is 0.14. If it doesn't take off then they expect that they would loose $200000. They are considering using a consumer survey to gather more information. However, the company has experience that shows that the probability that the consumer survey will predict success for a product that will fail is 0.24, and the probability that the consumer survey will predict failure when the product will be a success is 0.07. What is the monetary value of the information from a consumer survey to the venture capital company in this case? (ie what is the maximum that they should spend on a consumer survey)?
A standard practice in refineries is to use a holding tank in order to mix the light naphtha output of the refinery for quality control. During the first six hours of operation of the refinery, the stream feeding the holding tank at 200 kg/min had 30..
The most unsuitable reactor for carrying out reactions in which high reactant concentration favours high yields is 1. plug flow reactor 2. PFR in series
Which of the following is insensitive to changes in pressure ?
a super tanker is 360m long and has a width of 70m and draft of 25m. assuming that the drag is mainly due to the skin friction at the bottom and side faces and that the boundary layer develops naturally,
A 25 wt% solution of coffee in water at 70°F is spray dried to a final moisture content of 5% (dry basis) with air that enters at 450°F and 1 atm with a humidity of 0.01 lb/lb (dry basis) and exits at 200°F. Assuming a reasonable value for the spe..
Develop a series of design graphs that can be used to demonstrate acceptable combinations of tubes dimensions
Prepare a report on pollution due to transport in Oman and its environmental impact.
acetyl chloride is a colorless fuming liquid used primarily in the chemical industry.a how is acetyl chloride produced?
Hydrogen chloride gas, produced by burning chlorine with hydrogen, is required at a supply pressure of 600 kN/m2, gauge. The pressure can be achieved by either operating the burner under pressure or by compressing the hydrogen chloride gas.
Select any process/chemical engineering topic of your interest and in about 1000 words explain how modeling is involved in its study and development. regards Mohammed
The standard enthalpy of formation of H2O(l) at 298 K is 285.8 kJ/mol. Calculate the change in internal energy for the following process at 298 K and 1 atm: H2O(l) yields H2(g)+12 O2(g);
Approximately 2.0 104 gal nitric acid was spilled. Assume that the acid was an aqueous solution containing 70.0% HNO3 by mass with a density of 1.42 g/cm3. How much sodium carbonate was required for complete neutralization of the spill, and how ..
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