At a car factory, two jobs are performed at the specified costs given in the table. Each job can be performed at two different speeds: a) Calculate the expected value (mean) of the cost for different...


At a car factory, two jobs are performed at the specified costs given in the table. Each job can be performed
at two different speeds:
a) Calculate the expected value (mean) of the cost for different speeds and indicate which option (job
couple of Job I and Job II) is the most economical.
b) Due to a new situation that comes up, a total cost reduction of 70000 (i.e. -70000) will be offered if
Job II is completed in 2 days. Considering this new situation, will the most economical option change?


Job Speed Daily Cost The probability of<br>The probability of<br>The probability of<br>completion in 4 days<br>completion in 2 days completion in 3 days<br>0.1<br>CC<br>A<br>26000<br>0.7<br>0.2<br>В<br>22000<br>0.2<br>0.2<br>0.6<br>II<br>C<br>41000<br>0.5<br>0.4<br>0.1<br>II<br>D<br>32000<br>0.2<br>0.5<br>0.3<br>

Extracted text: Job Speed Daily Cost The probability of The probability of The probability of completion in 4 days completion in 2 days completion in 3 days 0.1 CC A 26000 0.7 0.2 В 22000 0.2 0.2 0.6 II C 41000 0.5 0.4 0.1 II D 32000 0.2 0.5 0.3

Jun 10, 2022
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