Question: Tesla is developing its self-less driving car. To keep the car within the driving lane, it requires two sensors on either side with both sensor
Tesla is developing its self-less driving car. To keep the car within the driving lane, it requires two sensors on either side with both sensor functioning. Each sensor has a reliability of 0.94. The cost of a crash by a car straddling and crossing lanes ending up in a crash is $783,728. Tesla has the option of installing backup sensors to each of the side sensors with the same reliability as the original sensors. Each sensor costs $30,886. Complete a cost-benefit analysis and record the net of investing backup sensors from a failure cost perspective. Net cost will be the difference in expected value of failure cost without backup sensors and with backup sensors. The net can be negative or positive. Record your answer to the nearet whole number.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
