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

question 79

Short Answer

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 expected profit?

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Definitions:

Food Chain

A food chain describes a series of creatures each dependent on the next as a source of food, illustrating the flow of energy and nutrients from one organism to another across an ecosystem.

Organism

A living entity made up of one or more cells that is capable of growth, reproduction, and response to stimuli like bacteria, plants, and animals.

Stable Ecosystem

An ecosystem that remains relatively constant in its composition of species and the transfer of energy over time, demonstrating resilience to disturbances.

Balanced Ecosystem

An ecological state where natural systems are in harmony, with stable populations and sustainable interactions among organisms and their environment.