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As chief engineer for your municipal water supply agency, you need to replace the motors that power your water pumps. A set of used motors are available from another city at a cost of $20,000. The city selling their used motors has also offered to test those motors for you, although they admit their motor testing apparatus is not very reliable. 35% of the time, the test says the motor is good. However, their tests are wrong 60% of the time. Your only other alternative is to buy new motors for $40,000. Use a decision tree to help you decide what plan of action to take. As chief engineer for your municipal water supply agency, you need to replace the motors that power your water pumps. A set of used motors are available from another city at a cost of $20,000. The city selling their used motors has also offered to test those motors for you, although they admit their motor testing apparatus is not very reliable. 35% of the time, the test says the motor is good. However, their tests are wrong 60% of the time. Your only other alternative is to buy new motors for $40,000. Use a decision tree to help you decide what plan of action to take.
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Decision Node Choose to buy used motors from other city or buy new motors Buy Used Moto... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
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