Mathematics, 31.08.2020 04:01 emilysawyer4363
Can someone please explain to me how to figure this out?
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. c. Write your review of the proposal and address it to VP of marketing and promotions.
Would the proposal benefit the company? Why or why not?
Include the new proposed cost, new expected value, interpretation of the new expected value, and explanation of how the new cost was chosen.
Answers: 2
Mathematics, 21.06.2019 20:00, gordon57
Someone answer asap for ! max recorded the heights of 500 male humans. he found that the heights were normally distributed around a mean of 177 centimeters. which statements about max’s data must be true? a. the median of max’s data is 250 b. more than half of the data points max recorded were 177 centimeters. c. a data point chosen at random is as likely to be above the mean as it is to be below the mean. d. every height within three standard deviations of the mean is equally likely to be chosen if a data point is selected at random.
Answers: 1
Mathematics, 22.06.2019 00:30, desiree6005
Triangle abc has side lengths: ab = 3.5 cm, bc = 2.4 cm, and ac = 4.2 cmδabc ≅ δhjkwhat is the length of side hj?
Answers: 1
Can someone please explain to me how to figure this out?
Suppose you work for a company that manufa...
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