Consider the Watts New Lightbulb Corporation of Exercise 31.

The corporation can check one or more lightbulbs before deciding whether to ship a consignment to an industrial user or to a discount chain

(a) What is the expected value to the corporation of checking a single lightbulb?

(b) What is the expected value to the corporation of checking two lightbulbs?

(e) What is the difference between expected values of checking two bulbs and one bulb?

(d) If the first bulb checked turns out to be defective, what is the expected value of check- ing the second?

(e) If the first bulb checked tums out not to be defective, what is the expected value of checking the second?

(f) Reconcile your answer to part

(c) with your answers to parts

(d) and (e).