subject
Mathematics, 18.12.2019 07:31 Winzen07

Suppose that you own a store that sells a particular stove for $1,000. you purchase the stoves from the distributor for $800 each. you believe that this stove has a lifetime which can be faithfully modeled as an exponential random variable with a parameter of lambda = 1/10, where the units of time are years. you would like to offer the following extended warranty on this stove: if the stove breaks within r years, you will replace the stove completely (at a cost of $800 to you). if the stove lasts longer than r years, the extended warranty pays nothing. let $c be the cost you will charge the consumer for this extended warranty. for what pairs of numbers (c, r) will the expected profit you get from this warranty be zero. what do you think are reasonable choices for c and r? why?

ansver
Answers: 3

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 17:00, aberiele1998
The table shows population statistics for the ages of best actor and best supporting actor winners at an awards ceremony. the distributions of the ages are approximately bell-shaped. compare the z-scores for the actors in the following situation. best actor best supporting actor muequals42.0 muequals49.0 sigmaequals7.3 sigmaequals15 in a particular year, the best actor was 59 years old and the best supporting actor was 45 years old. determine the z-scores for each. best actor: z equals best supporting actor: z equals (round to two decimal places as needed.) interpret the z-scores. the best actor was (more than 2 standard deviations above more than 1 standard deviation above less than 1 standard deviation above less than 2 standard deviations below) the mean, which (is not, is) unusual. the best supporting actor was (less than 1 standard deviation below more than 1 standard deviation above more than 2 standard deviations below more than 1 standard deviation below) the mean, which (is is not) unusual.
Answers: 1
image
Mathematics, 21.06.2019 17:30, Maaaryyss
What is the multiple zero and multiplicity of f(x) = (x ? 3)(x ? 3)(x + 5)? multiple zero is 3; multiplicity is 2 multiple zero is 5; multiplicity is 1 multiple zero is ? 5; multiplicity is 1 multiple zero is ? 3; multiplicity is 2
Answers: 2
image
Mathematics, 21.06.2019 21:30, mazolethrin6876
The expression 1.01*1.005(^t) gives the amount of money, in thousands of dollars, in carter's savings account (t) years after he opens it. what does 1.01 represent in this expression?
Answers: 1
image
Mathematics, 21.06.2019 21:30, shymitch32
Create a graph for the demand for starfish using the following data table: quantity/price of starfish quantity (x axis) of starfish in dozens price (y axis) of starfish per dozen 0 8 2 6 3 5 5 2 7 1 9 0 is the relationship between the price of starfish and the quantity demanded inverse or direct? why? how many dozens of starfish are demanded at a price of five? calculate the slope of the line between the prices of 6 (quantity of 2) and 1 (quantity of 7) per dozen. describe the line when there is a direct relationship between price and quantity.
Answers: 3
You know the right answer?
Suppose that you own a store that sells a particular stove for $1,000. you purchase the stoves from...

Questions in other subjects:

Konu
Biology, 31.01.2021 04:30
Konu
History, 31.01.2021 04:30
Konu
Mathematics, 31.01.2021 04:30
Konu
Biology, 31.01.2021 04:30