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You are running a lab which is looking at testing multiple prototypes in parallel. You estimate that the value of each prototype is uncertain, and
You are running a lab which is looking at testing multiple prototypes in parallel. You estimate that the value of each prototype is uncertain, and is equally likely to be or The cost of testing each prototype is
a How many prototypes would you test?
b Draw the curve of expected value from testing k prototypes as a function of k
c How does this curve change if the standard deviation of each prototypes value is higher?
d How does this curve change if the mean is higher?
e We assumed that the values are independently distributed ie the potential correlation between the values is zero How does the curve change if the values are correlated?
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