BearingPort Airplane Co.
Calculation of expected loss values
Value
Loss ($)
Process P
Probabilit
y
Weighted
Loss ($)
Process Q
Probability
Weighted
Loss ($)
0.20 $96.00 0 $0.00 0.02 $1.92
0.21 $54.00 0.12 $6.48 0.03 $1.62
0.22 $24.00 0.12 $2.88 0.15 $3.60
0.23 $6.00 0.14 $0.84 0.15 $0.90
0.24 $0.00 0.26 $0.00 0.25 $0.00
0.25 $6.00 0.12 $0.72 0.20 $1.20
0.26 $24.00 0.12 $2.88 0.12 $2.88
0.27 $54.00 0.12 $6.48 0.06 $3.24
0.28 $96.00 0 $0.00 0.02 $1.92