Considering satisfaction rates and associated costs, Software E would cost $7,625 in the long run, while Software F would cost $9,500.
To determine the long-term cost of Software E and Software F, we need to consider the satisfaction rates and associated costs.
For Software E:
Cost of Software E = $6,000
Satisfaction rate = 75%
Not satisfied rate = 25%
Cost incurred when not satisfied = $12,500
The long-term cost for Software E is calculated as follows: Long-term cost E = (Satisfaction rate * Cost of Software E) + (Not satisfied rate * Cost when not satisfied) Long-term cost E = (0.75 * $6,000) + (0.25 * $12,500) = $4,500 + $3,125 = $7,625
For Software F:
Cost of Software F = $10,000
Satisfaction rate = 90%
Not satisfied rate = 10%
Cost incurred when not satisfied = $5,000
The long-term cost for Software F is calculated similarly: Long-term cost F = (0.9 * $10,000) + (0.1 * $5,000) = $9,000 + $500 = $9,500
In the long run, Software E would cost $7,625, and Software F would cost $9,500.