(Optional) Redo Exercise S11, but assume that the probability that BMA is low cost is 0.6….

(Optional) Redo Exercise S11, but assume that the
probability that BMA is low cost is 0.6.

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(Optional) Redo Exercise S11, but assume that the probability that BMA is low cost is 0.6….
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(Optional) Repeat Exercise S11, but assume that a
low-cost BMA has a per-unit cost of 0.2, and a high-cost BMA has a per-unit
cost of 0.38. Let the probability that BMA is low cost be 0.4.

 

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