Question: A process may go wrong in two ways, call them A or B . Both these ways are equally likely. If the cause is A
A process may go wrong in two ways, call them A or B Both these ways are equally likely. If the cause is A then it causes a loss of Rs to the company if it is not repaired. If it is repaired, there is chance of restricting the loss to Rs and a chance of restricting the loss to Rs If the cause is B then the repairing operation has no effect and the loss to the company would be Rs Repairing costs Rs
aIf the cause of the process going wrong is A and the process is repaired, then what would the net loss to the company?
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