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You have the choice of buying one of the three pickup trucks with the following characteristics. There is no salvage value. The probability that the
You have the choice of buying one of the three pickup trucks with the following characteristics. There is no salvage value.
The probability that the truck will travel a specific number of mile is shown in the table below.
Assume an interest rate of 6%, which one of the three trucks should be selected and what is the expected value of the uniform annual cost of this selection?
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