A Swim Club Is Designing a New Pool to Replace

question 39

Essay

A swim club is designing a new pool to replace its old pool. The new pool would need to last for 10 years since the club is planning on relocating after 10 years. A concrete shell would cost $100,000 and last for all 10 years. Another option is to install a vinyl liner that would cost only $75,000 to install. However, the vinyl is not guaranteed to last for all 10 years, and has a 33% chance of breaking down. Repair of the vinyl would cost $40,000 and would extend the life of the vinyl liner to the 10 year mark. If both options are acceptable to the swim club, which one minimizes their cost?

---

Definitions:

Biological Factors

Influences within or deriving from an organism's biological makeup that affect behavior, health, or other aspects of its life.

Psychological Factors

Elements of human behavior that influence thoughts, emotions, and actions, including beliefs, attitudes, and mood.

Psychopathic

Relating to or characterized by psychopathy, a personality disorder typified by persistent antisocial behavior, impaired empathy and remorse, and bold, disinhibited, and egotistical traits.

Canadian Population

The demographic total of people residing in Canada, encompassing various ethnicities, cultures, and languages.