The UST makes electric bike investment. One out of every 50 electric bike is faulty, but UST doesn't know which ones are faulty until a buyer complains. Suppose UST makes a 150 Php profit on the sale of any working electric bikes, but suffers a loss of 4000 Php for every faulty gadget because they have to repair the unit. Check whether UST can expect a profit in the long term.The UST makes electric bike investment. One out of every 50 electric bike is faulty, but UST doesn't know which ones are faulty until a buyer complains. Suppose UST makes a 150 Php profit on the sale of any working electric bikes, but suffers a loss of 4000 Php for every faulty gadget because they have to repair the unit. Check whether UST can expect a profit in the long term.
The UST makes electric bike investment. One out of every 50 electric bike is faulty, but UST doesn't know which ones are faulty until a buyer complains. Suppose UST makes a 150 Php profit on the sale of any working electric bikes, but suffers a loss of 4000 Php for every faulty gadget because they have to repair the unit. Check whether UST can expect a profit in the long term.The UST makes electric bike investment. One out of every 50 electric bike is faulty, but UST doesn't know which ones are faulty until a buyer complains. Suppose UST makes a 150 Php profit on the sale of any working electric bikes, but suffers a loss of 4000 Php for every faulty gadget because they have to repair the unit. Check whether UST can expect a profit in the long term.
Step by step
Solved in 2 steps with 3 images
