The operating cost for a pulverized coal cyclonefurnace is expected to be $80,000 per year. Thesteam produced will be needed for only 6 years beginningnow (i.e., years 0 through 5). What is theequivalent annual worth in years 1 through 5 of theoperating cost at an interest rate of 10% per year?

STA3032 Week 3 2.5.10 COMMON CONTINUOUS DISTRIBUTIONS 1 A uniform random variable places equal weight to all values within its support and is continuous. a A uniform random variable has p.d.f. 1 f x = b−a for a≤x≤b 2 Normal a The normal distribution has parameter µ and a scale parameter σ2 b Normal distribution has p.d.f. −1(x−μ) 1 2σ f(x)= e for -∞