Mathematics, 23.08.2020 01:01 andrejr0330jr
Suppose you work for a company that manufactures electronics. The development analysts estimate that 1% of their flagship product will fail within 2 years of the purchase date, with a replacement cost of $ 1800.
A newly hired associate at the company proposes to charge $ 10 for a 2 year warranty.
a. Compute the expected value of this proposal. Let X be the amount profited or lost (by the company) on the warranties and P(X) is the probability. E=
b. Interpret the expected value in complete sentences.
Answers: 1
Mathematics, 21.06.2019 17:50
Eric has challenged himself to walk 24,000 steps in 4 days. if eric walks the same number of steps each day, which function represents the number of steps eric still needs to walk to reach his goal with respect to the number of days since he started his challenge? a. y = 8,000x − 24,000 b. y = -8,000x + 24,000 c. y = 6,000x − 24,000 d. y = -6,000x + 24,000
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Mathematics, 21.06.2019 23:30
The candy store is having a 30% off sale. emma is going to buy $7.50 worth of candy.how much will she pay after the discount
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