Question
Below is the demand for internet installation at MFA Co. Ltd. Demand Frequency 0 0.30 1 0.20 2 0.20 3 0.15 4 0.10 5 0.05
Below is the demand for internet installation at MFA Co. Ltd.
| Demand | Frequency |
| 0 | 0.30 |
| 1 | 0.20 |
| 2 | 0.20 |
| 3 | 0.15 |
| 4 | 0.10 |
| 5 | 0.05 |
| 1.00 |
Installation is made by the day only. Mfa earns a profit of $10 per day. She made 4 installation a day.
Assume that MFA's installation decision is optimal , what is the range of implied cost of installation per day?
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Sm Auditing Integrated Appr Review Copy
Authors: ARENS LO, EBBECKE
7th Edition
0135914396, 978-0135914397
