subject
Mathematics, 14.12.2021 09:20 yhhh

Marcos and Amaya work at a mobile phone company that offers customers an optional care plan. Customers can choose to pay an extra $50 when they buy a new phone, and if they damage their screen, then the company will cover the cost of the repair. Marcos and Amaya let X represent their company's net gain on the sale of a given care plan, and they find the expected value of X is E(X)=$25. Marcos says, "If we sell many of these care plans, the average gain for our company will be about $25 per plan."
Amaya says, "For every 1,000 customers who buy this care plan, we can expect a net gain of about $25,000."
Whose statement is correct based on the expected value?

ansver
Answers: 3

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 14:50, micky956
Apair of ordinary dice is rolled. what is the probability that each die will show a number higher than 4. 1. (1/36) 2. (1/12) 3. (1/6) 4. (1/4) 5. (1/3)
Answers: 2
image
Mathematics, 21.06.2019 23:20, hemaam8
Which of the following constants can be added to x2 - 3x to form a perfect square trinomial?
Answers: 1
image
Mathematics, 22.06.2019 01:00, bob7220
Harry is at the depot in dover and has deliveries to make in edinburgh, glasgow and aberdeen. from dover which of the deliveries is the shortest distance?
Answers: 1
image
Mathematics, 22.06.2019 02:20, amazinga
New york is the 27th largest state in the united states. what percent of the 50 states in the us are larger than new york
Answers: 1
You know the right answer?
Marcos and Amaya work at a mobile phone company that offers customers an optional care plan. Custome...

Questions in other subjects:

Konu
Biology, 19.12.2019 16:31