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A swim club is designing a new pool to replace its old pool. The new pool would need to last for 10 years since the club is planning on relocating after 10 years. A concrete shell would cost $150,000 and last for all 10 years. Another option is to install a vinyl liner that would cost only $85,000 to install. However, the vinyl is not guaranteed to last for all 10 years, and has a 33% chance of breaking down. Repair of the vinyl would cost $50,000 and would extend the life of the vinyl liner to the 10-year mark. If both options are acceptable to the swim club, which one minimizes their cost?
How can supervisors avoid receiving "canned" or rote answers to interview questions? This question is about the Supervisor
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Discuss how preferred outcomes are derived in the short run?
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