Answer:
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Step-by-step explanation:
Given that:
The asset requires a capital investment of $100 comma 000100,000, and MARR is 1212% per year. Use Monte Carlo simulation and generate four trial outcomes to find its expected equivalent AW if each useful life is equally likely to occur.
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Answer:
The probability that 8 mice are required is 0.2428.
Step-by-step explanation:
Given : A scientist inoculates mice, one at a time, with a disease germ until he finds 3 that have contracted the disease. If the probability of contracting the disease is two sevenths.
To find : What is the probability that 8 mice are required? The probability that that 8 mice are required is nothing ?
Solution :
Applying binomial distribution,
Where, p is the probability of success
q is the probability of failure q=1-p,
n is total number of trials n=8
r=3
Substitute the values,
Therefore, the probability that 8 mice are required is 0.2428.