Mathematics, 20.09.2020 18:01 Lindsay882

How do I find the expected value? Suppose you work for a company that manufactures electronics. The development analysts estimate that 5% of their flagship product will fail within 2 years of the purchase date, with a replacement cost of $ 1200.

A newly hired associate at the company proposes to charge $ 50 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.

B. Interpret the expected value.

Answers: 3

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 16:00

5× 1/2 = ? a) more than 5 because you are multiplying by a whole number b) 5/10 because you multiply the numerator and denominator by 5 c) less than 5 because you are multiplying by a number that is more than 1 d) less than 5 because you are multiplying by a number that is less than 1

Answers: 3

Answer

Mathematics, 21.06.2019 19:30

Which statements are true? check all that apply. the line x = 0 is perpendicular to the line y = –3. all lines that are parallel to the y-axis are vertical lines. all lines that are perpendicular to the x-axis have a slope of 0. the equation of the line parallel to the x-axis that passes through the point (2, –6) is x = 2. the equation of the line perpendicular to the y-axis that passes through the point (–5, 1) is y = 1.

Answers: 1

Answer

Mathematics, 21.06.2019 20:30

Merrida uses a pattern in the multiplication table below to find ratios that are equivalent to 7: 9. if merrida multiplies the first term, 7, by a factor of 6, what should she do to find the other term for the equivalent ratio? multiply 9 by 1. multiply 9 by 6. multiply 9 by 7. multiply 9 by 9.

Answers: 1

Answer

Mathematics, 21.06.2019 21:10

Identify the initial amount a and the growth factor b in the exponential function. a(x)=680*4.3^x

Answers: 2

Answer

You know the right answer?

**How do I find the expected value? ** Suppose you work for a company that manufactures electronics...

Questions

Mathematics, 24.11.2020 18:00

Solve for y in terms of x. 3x = 2y-18 Answers??...