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The tree diagram in the figure describes the uncertain cash flows for an engineering project. The analysis period is two years, and MARR =15% per
The tree diagram in the figure describes the uncertain cash flows for an engineering project. The analysis period is two years, and MARR =15% per year. Based on this information, (a) What are the E(PW), Var(PW)of the project? (b) What is the probability that PW > 0?
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