Answer to Question #49502 in Statistics and Probability for moses

Question

The management of a workshop intends to procure a new machine for producing its products. Machines A,B and C are available in the market. The output of machine A is variable depending on the quality of the materials supplied and a variety of settings. The output from this machine could be 1000units per week with a probability of 0.1, 2000 units per week with a probability of 0.7 0r 3000units per week. The profit of producing one unit from this machine is sh.4.Machine B produces high quality products. The output from from this machine can be 700units per week with a probability of 0.4 or 100 units per week.the profit of producing one unit from this machine is sh.10.
Machine C can be set to produce either 1300 units of high quality products per week at a profit of sh.5 per unit or 1600units of medium quality products per week at a profit of sh.5 per unit.
If a machine produces 2000 units or more per week, it is possible to export all the products as a single bulk order with 60% chance of selling for 50% more