Mathematics, 14.12.2020 23:00 hawleyemily
A company makes electronic gadgets. They estimate that 5 out of every 100 gadgets is faulty, but the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $4 profit on the sale of any working gadget, but suffers a loss of $80 for every faulty gadget because they have to repair the unit. Check whether the company can expect a profit in the long term.
Find the expected profit per gadget.
Round your answer to two decimal places.
Answers: 2
Mathematics, 20.06.2019 18:04
Nick estimated that 5/8+4/7 is about 2.explain how you know his estimate is not reasonable plz and fast i will give 50 points
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A company makes electronic gadgets. They estimate that 5 out of every 100 gadgets is faulty, but the...
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