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Given your answers to Questions 51 through 55,would you invest in this project?
Suppose that GM earns a $4000 profit each time a person buys a car.We want to determine how the expected profit earned from a customer depends on the quality of GM's cars.The customer is assumed to buy a new car every five years,for a total of 10 cars through her lifetime.The customer will keep buying GM cars so long as they are satisfied with them.The probability that the customer will be satisfied with her GM car is 80%.If she is not satisfied with her GM car,she will buy another brand (we'll call all other brands cumulatively "Toyota").The probability that she is satisfied with "Toyota" is 85%.
Matrix
An array of numbers, symbols, or expressions, arranged in rows and columns, used in mathematics and computer science to solve linear equations and perform various operations.
Row-equivalent
Relating to matrices, where one matrix can be transformed into another by a series of row operations.
Matrix
A rectangular array of numbers or functions arranged in rows and columns, used in mathematical and scientific calculations.
Determinant
A scalar value that can be computed from the elements of a square matrix and encodes certain properties of the matrix, such as whether it has an inverse.
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