Questions from Engineering

Q: Equipment associated with manufacturing small railcars had a first cost of $

Equipment associated with manufacturing small railcars had a first cost of $180,000 with an expected salvage value of $30,000 at the end of its 5-year life. The revenue was $620,000 in year 2, with op...

Q: When single-value or single-point estimates are used exclusively

When single-value or single-point estimates are used exclusively in an economic analysis, the decision-making process is said to be: (a) Probabilistic (b) Uncertain (c) Deterministic (d) Monte Carlo

Q: When there are at least two values for a parameter and it

When there are at least two values for a parameter and it is not possible to estimate the chance that each may occur, this situation is known as: (a) Uncertain (b) Risk (c) Deterministic (d) Cost esti...

Q: Charles noticed that the CFAT total and PW values go in opposite

Charles noticed that the CFAT total and PW values go in opposite directions as the equity percentage increases. He wants to know why this phenomenon occurs. How should you explain this to Charles?

Q: The shipping costs for fresh fruit items have been estimated and assigned

The shipping costs for fresh fruit items have been estimated and assigned the probabilities shown below. The expected value of the shipping costs is closest to: (a) $36.33 (b) $39.21 (c) $41.28 (d) $4...

Q: In a table of two-digit random numbers, the probabilities

In a table of two-digit random numbers, the probabilities of 0.16 to 0.20 can be represented by the numbers: (a) 16 to 20 (b) 0 to 4 (c) 1 to 5 (d) 15 to 19

Q: The following temperatures (in oF) were recorded inside the building

The following temperatures (in oF) were recorded inside the building of a remote pumping station: 99, 87, 93, 90, and 96. The variance of these readings is closest to: (a) 11.7 (b) 22.5 (c) 31.1 (d) 3...

Q: For the income and probability values shown, the probability that the

For the income and probability values shown, the probability that the income in any year will be greater than $8500 is closest to: (a) 0.38 (b) 0.49 (c) 0.70 (d) 0.92

Q: The net revenue from a candy product called Mummies- Lite has

The net revenue from a candy product called Mummies- Lite has averaged $15,000 per month for the past 12 months. If the value of Σ(Xi −X )2 is $4,680,000, the standard deviation value is closest to: (...

Q: A survey of the types of cars parked at an NFL football

A survey of the types of cars parked at an NFL football stadium revealed that there were equal probabilities of finding cars identified as Type A, B, C, and D. If Type A cars were assigned random numb...