Assume that the pessimistic and optimistic esti-mates in
Chapter , Problem 10-31(choose chapter or problem)
Assume that the pessimistic and optimistic esti-mates in 10-6 have 40% and 20% proba- bilities, respectively.(a)What is the expected PW the expansion costs?(b)What is the expected number of years until theexpansion?(c)What is PW of the expansion cost using theexpected number of years until the expansion?(d)Do your answers to (a)and(c) match? If not,why not?
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