{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

412DA-EngExamples[1]

# 412DA-EngExamples[1] - More Examples Problem from(someone...

This preview shows pages 1–3. Sign up to view the full content.

42 More Examples Problem from (someone else’s) Midterm A PCB manufacturer needs to run tests on 2 separate components of a board, R & Q. These can be tested in either order and if either test fails the board is scrapped (Board is worthless if R works but Q doesn’t, and vice-versa) Given the costs and probabilities of failure, construct the decision tree and determine the expected cost. (You can assume that (P(R pass)) is independent of P(Q pass)) Also you have to pay for the test, even if the component fails What is the preferred test order? Construct a decision tree .1 8.00 Q .15 6.50 R P(failure) cost test

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
43 Extra problem #1 A man wants to invest \$1 million for 1 year. After analyzing and eliminating numerous possibilities, he has narrowed his choice to one of three alternatives. These alternatives are referred to as “acts” and are denoted Ai; A1: Invest in a guaranteed income certificate. A2: Invest in a bond.
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### Page1 / 5

412DA-EngExamples[1] - More Examples Problem from(someone...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online