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Question ( 1 ) : Choose the most correct answer for the following statements And explan how to get the correct answer by steps Problem
Question : Choose the most correct answer for the following statements And explan how to get the correct answer by steps
Problem : Mohamed is about to install a new machine for making parts for domestic appliances. He has three alternative machines to choose from with no option for doing nothing
Machine : it automatically produces parts of acceptable, but not outstanding, quality. The output from the machine varies depending on the materials used and a variety of settings and might be a week with probability a week with probability or a week. The notional profit for this machine is $ a unit.
Machine : it makes higher quality parts. The output from this might be a week with probability or a week, with a notional profit of $ a unit.
Machine : it can be set to produce either highquality parts a week at a profit of $ a unit, or medium quality parts a week with a profit of $ a unit.
If the machine produces a week, Mohamed can export all production as a single bulk order. Then there is a chance of selling this order for more profit, and a chance of selling for less profit.
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