Answer Happy

Question 12 (3 points) You work for the Thunder Bay Regional Health Sciences Centre and your diagnostic imaging department wants to purchase a GE Healthcare Imaging MRI machine. You are concerned about the amount of downtime (i.e., the time the machine is not working) that their machines experience. GE has 3 machines that they make. Due to different designs and capabilities of the machines, the probability of breakdown, income (government funding) and costs vary for each machine. Your department wants you to calculate the expected income of each machine and choose that one that makes the most money. Table 1. A summary of the probability of survival, profits, and costs for the company MRI 01 MRI #2 MRI 3 Probability of breaking down 0.1 0.05 0.01 Breakdown cost S-2,000 $8,000 5-5,000 Income when running $115,000 $110,000 $108,000