Question: You are evaluating two options, Design A and Design B, for deployment at a remote site. The Design A can run on wind with a
You are evaluating two options, Design A and Design B, for deployment at a remote site.
The Design A can run on wind with a cost of $56/per day, but when no wind is present it must run on Diesel and the cost is $645 per day.
Design B can run on wind with a cost of $198/per day (it is not so efficient as Design A on wind), but when no wind is present it must run on Gas (which is less expensive than diesel) and the cost is $255 per day.
Considering that the probability of Wind is p = 0.32, what is the Expected value of the Design B . Calculate E (Design B | p =0.32 ) ?
Round you answer to a whole number (0 dp).
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