A piece of new equipment has a useful life of X thousand hours, where X is a
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A piece of new equipment has a useful life of X thousand hours, where X is a random variable with the density function f (x) = .01xe-x/10, x ≥ 0. A manufacturer expects the machine to generate $5000 of additional income for every thousand hours of use, but the machine costs $60,000. Should the manufacturer purchase the new equipment?
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Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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