The probability that an assembly line works correctly depends on whether the line worked correctly the last time. Find the probability that the line will work in the long run. Round your answer as appropriate. Works Does not Works 0.5 Does not 0.5 0.3 0.7 O A. 0.5000 B. 0.625 O c. 0.375 OD. 0.475

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter11: Cash Flow Estimation And Risk Analysis
Section11.9: Replacement Analysis
Problem 3ST
Question
The probability that an assembly line works correctly depends on whether the line worked correctly the last time. Find the probability that the
line will work in the long run. Round your answer as appropriate.
Works
Does not
Works
0.5
Does not
0.5
0.3
0.7
O A. 0.5000
B. 0.625
O c. 0.375
OD. 0.475
Transcribed Image Text:The probability that an assembly line works correctly depends on whether the line worked correctly the last time. Find the probability that the line will work in the long run. Round your answer as appropriate. Works Does not Works 0.5 Does not 0.5 0.3 0.7 O A. 0.5000 B. 0.625 O c. 0.375 OD. 0.475
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