A company estimates that 1% of their products will fall after the original warranty period but within 2 years of the purchase, with a replacement cost of $480.
If they want to offer a 2 year extended warranty, what price should they charge so that they'll break even (in other words,
so the expected value will be 0)
(round to the nearest cent)

They should charge a price of $4.85 so that they'll break even.

Step-by-step explanation:

The expected value will be the sum of the net values multiplied by it's probabilities.

1% of their products will fall after the original warranty period but within 2 years of the purchase, with a replacement cost of $480.

So in 1% = 0.01 of the cases, the company loses $480. That is, a net value of -480.

In 99% = 0.99 of the cases, the company makes x.

The expected value is 0.

We have to find x.

So

They should charge a price of $4.85 so that they'll break even.

given that triangle abc is transformed two times to get triangle

a"b"c"

first abc is transformed in to a'b'c' as follows:

the coordinates of a are (1,-1) and transformed into a'(-1,1)

similarly b (4,-2) became b'(-4,2) and

c(7,-2) became c'(-7,2)

i.e. (x,y) becomes (-x,-y)

this is nothing but reflection about a point here origin.

thus first transformation is reflection on the origin.

next is exactly shifting 3 units down

source:

570, the answer is 570, hope it