TABLE 5-8
Two different designs on a new line of winter jackets for the coming winter are available for your manufacturing plants. Your profit (in thousands of dollars) will depend on the taste of the consumers when winter arrives. The probability of the three possible different tastes of the consumers and the corresponding profits are presented in the following table.

-Referring to Table 5-8, if you decide to choose Design A for 10% of the production lines and Design B for the remaining production lines, what is the risk of your investment?

Question

TABLE 5-8
Two different designs on a new line of winter jackets for the coming winter are available for your manufacturing plants. Your profit (in thousands of dollars) will depend on the taste of the consumers when winter arrives. The probability of the three possible different tastes of the consumers and the corresponding profits are presented in the following table.
 
-Referring to Table 5-8, if you decide to choose Design A for 10% of the production lines and Design B for the remaining production lines, what is the risk of your investment?

Quizplus · Accepted Answer

The Answer of TABLE 5-8
Two different designs on a new line of winter jackets for the coming winter are available for your manufacturing plants. Your profit (in thousands of dollars) will depend on the taste of the consumers when winter arrives. The probability of the three possible different tastes of the consumers and the corresponding profits are presented in the following table.
 
-Referring to Table 5-8, if you decide to choose Design A for 10% of the production lines and Design B for the remaining production lines, what is the risk of your investment?

TABLE 5-8 Two Different Designs on a New Line of Winter Jackets